Hargreaves revenue up as investors transfer to Vantage

In its interim management statement released this afternoon, the firm revealed its total operating revenue climbed to £32m in the period, with Vantage platform revenue jumping 22% to £20.1m. The group saw its total assets under administration decrease just 7% during the quarter, despite the 13% drop for the FTSE All-Share. It says investor transfers onto its Vantage platform allowed the firm to continue to post “reasonable inflows” as the investment industry dried-up. "During a period of turmoil not previously experienced during most people's working lives we nevertheless have managed t...