Hargreaves Lansdown sees record £7.6bn net new business in 2017/18

‘Client service key to structural growth’

Julian Marr
clock • 2 min read

Hargreaves Lansdown attracted £7.6bn of net new business over the 12 months to 30 June 2018 - a 10% rise on the preceding 12-month period and a new record for the UK's largest direct-to-investor investment service.

The group's annual results, published this morning, also revealed assets under administration had grown 16% to £91.6bn in the period under review, while the number of "active clients" was up by 137,000 to 1,091,000. Focusing on the client-focused nature of the business, chief executive Chris Hill said Hargreaves Lansdown's strategy was based on "the delivery of excellent client service through our interactions with our clients and the solutions we offer on our platforms". He added: "We want to be a household name, known as the best place for savers and investors in the UK - a place where...

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

True Potential refinances £225m as total debt sits at £1.1bn

True Potential refinances £225m as total debt sits at £1.1bn

Firm says most of its debt matures after 2030

Isabel Baxter
clock 20 October 2025 • 2 min read
Rumoured Evelyn/RBC deal would turbocharge market share but large mergers 'notoriously complex'

Rumoured Evelyn/RBC deal would turbocharge market share but large mergers 'notoriously complex'

Sale ‘no surprise’ after Evelyn’s fund and professional services business offload

Isabel Baxter
clock 20 October 2025 • 6 min read
FSCS declares Sheffield IFA failed

FSCS declares Sheffield IFA failed

Two claims received so far against Peter Kettell

Isabel Baxter
clock 20 October 2025 • 2 min read