Hargreaves assets hit record £26bn

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 ...