Hargreaves Lansdown has seen the average age of clients drop from 45 to 37 in what it believes is a significant shift in its client demographics, it revealed today in its half yearly results.

Assets on platform engine provider GBST’s Composer wealth management administration platform increased by 12% to £150bn in 2020.

Gross inflows at wealth management giant St James’s Place (SJP) fell 5% in 2020 to £14.33bn, according to its latest trading update published today.

Wealth manager Brewin Dolphin has reported an 11.8% rise in Financial Planning income in its latest trading update.