Hargreaves Lansdown assets jump 11% to £26bn

Hargreaves Lansdown has seen its assets under administration jump 11 per cent in the first quarter of 2012 to stand at £26bn.

The figure is up on the £23.4bn recorded at December 31, 2011. Assets on the group’s Vantage platform also rose 11 per cent from £21.9bn to £24.4bn,

Hargreaves Lansdown says the increase in assets under administration can be attributed to £974m of new inflows and a £1.6bn boost from market movements as the UK market rose by 5.1 per cent in the first quarter of this year.

The firm has taken in just over £1bn of Isa sales in for the last tax year, having recorded a similar amount for the year ended April 5, 2011.

The number of active Vantage clients rose by 17,500 to 413,500 in the last three months to March 31, 2012.

Total assets within the group’s portfolio management service and multi-manager funds also increased by 9 per cent from £2.2bn as at December 31, 2011 to £2.4bn as at March 31, 2012.

Hargreaves Lansdown chief executive Ian Gorham says: “Despite these conditions the company has fared exceedingly well.  During the period leading up to the end of the calendar year we indicated the potential for a slowdown of asset gathering given economic conditions.  However, our historically busy time leading up to the end of the tax year has been excellent, with net new business in February and March 2012 matching last year’s record equivalent months.  As a result we are particularly pleased to report a record total of assets under administration and management of £26 billion at March 31, 2012.  We have also experienced an encouraging start to April.”


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  1. Paul S, Cardiff 19th April 2012 at 9:56 am

    As an HL client for much of my investments, I would say they are doing this because they have been able to grow the business while maintaining excellent customer servcie. I am frustrated by virtually very other financial services company I deal with. I can’t rememebr the number of formal complaints (re banking, cash ISAs etc) I’ve made against Santander, all decided in my favour, with another looking likely. Ditto the poor trading platforms and/or admin of many other execution only platforms I tried in the past.

    I’m sure many MM readers will say ‘that’s what happens when you don’t pay for advice’ but my experience there has been almost as chequered. (and who needs advice for simple banking and investments like cash ISAs, as long as the overall strategy is sound?).

    I do take advice on complex pensions matters and similar, and am happy to pay for that.

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