HL's tech investments boost ISA season activity

Q1 trading update

clock • 1 min read

Hargreaves Lansdown reported £3.3bn of net new business and 60,000 net new clients over this year's ISA season, bringing total assets under administration (AUA) to £88.8bn.

In a trading update for the four months to 30 April 2018, the business said it has continued to invest in its helpdesk and technology teams and, as a result, has been able to attract higher client activity. Net new business for the period was £3.3bn, the same amount as last year, and bringing total net inflows year to date to £6.6bn. Total AUA was £88.8bn and although the group said market movements detracted £600m from this figure, it was an increase from £84.8bn on 31 December 2017 and £74.2bn on 30 April 2017. OMGI transfers ISA service to Hargreaves Lansdown Meanwhile, net reve...

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 Companies

FCA narrows gender and disability pay gaps but ethnicity gap remains stubborn

FCA narrows gender and disability pay gaps but ethnicity gap remains stubborn

Median ethnicity pay gap widens from 9.1% to 9.3%

Isabel Baxter
clock 10 July 2026 • 3 min read
Aviva partners with Ortec Finance to enhance financial planning proposition

Aviva partners with Ortec Finance to enhance financial planning proposition

Partnership aims to close advice gap

Sophia Panayi
clock 09 July 2026 • 2 min read
Brooks Macdonald sees flows swing to positive territory

Brooks Macdonald sees flows swing to positive territory

£21.7bn FUMA and firm announces it will no longer charge fees on cash

Cristian Angeloni
clock 09 July 2026 • 1 min read