Hargreaves assets hit record £26bn

clock

Wealth manager Hargreaves Lansdown has reported a new record for assets under administration despite an expected slowdown in investor activity and increased competition.

The company said net new business in February and March matched last year's equivalent months despite concerns of a drop-off in asset gathering. This has led to a record total of assets under administration of £26bn at 31 March 2012 after adding £2.6bn in the period. It has also reported a 16% increase in revenues for the first three months of 2012, driven by investor activity in the build-up to the end of the tax year. Net business inflows for Q1 this year were £1bn, it said. Hargreaves Lansdown CEO Ian Gorham said: "The quarter under review remained a difficult period for the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read
Why human connection remains central in a digitally enabled advice sector

Why human connection remains central in a digitally enabled advice sector

'It is clear that the sector is moving through a significant period of transformation'

Tim Riseborough
clock 17 December 2025 • 3 min read