Tuesday, 29 January 2019 09:42

Results reveal 6% assets slump at Hargreaves Lansdown

Rate this item
(1 Vote)
Chris Hill Chris Hill

Hargreaves Lansdown saw assets fall 6% in the half year ended 31 December amid “geopolitical uncertainty.”

The firm’s latest interim results revealed the slump but also a boost in profits

The report showed assets under administration had fallen 6% since 30 June to £85.9bn, meanwhile pre-tax profits were up 4% to £153.4m.


The company also conducted £2.5bn in new business over the period with client numbers rising by 45,000 since the end of June.

Chris Hill, chief executive, said: “The diversified nature of Hargreaves Lansdown has enabled us to continue growing despite a period of geopolitical uncertainty, market volatility and weak investor confidence.

“We have a significant long-term market opportunity and our recent investment in service and developing our proposition are bringing real benefits to the business and our clients, both in difficult times such as the present and as and when conditions improve.”


FREE. Get more stories like this daily to your inbox. Unsubscribe at any time. Sign up now.

Add This email address is being protected from spambots. You need JavaScript enabled to view it. to your address book to ensure email delivery. Thank you!

FINANCIAL PLANNING JOBS - Advertise your vacancy from £99 ex VAT
Reach 12,000+ professionals by advertising your vacancy with us. Set up an account and post your job the same day. Big savings for advertising 2 or more vacancies.
Special Offer: Use code 'FPJSaver10' on checkout to save on selected packages. Click for details: