Hargreaves Lansdown posted a 42% increase in underlying before tax operating profit in its first full financial year as a publicly quoted company, up to £57.8m in the 12 months to 30 June.
The composition of funds in the IMA Specialist category are so diverse it is pointless to use the sector as a comparison tool, Hargreaves Lansdown argues.
Hargreaves Lansdown has weathered the Q1 market decline with only a 2% drop in total assets under administration.
Chairman of investment manager Hargreaves Lansdown, Peter Hargreaves, says he expects an "inferior" ISA season this year after the firm today announced a 58% jump in first-half profits.
AXA will pilot its Enhanced Annuity proposition with specialist IFA firm Hargreaves Lansdown, it has announced.
Legal & General will use customer postcodes as an additional risk factor when quoting for a conventional non-profit annuity.
Hargreaves Lansdown has announced revenues rose 43% for the three months from June 30 to September 30, in Q1 of the group's first financial year since it floated on the London Stock Exchange in May.
Punter Southall welcomes the move by Legal & General and Hargreaves Lansdown to use postcodes to determine annuity payouts.
Hargreaves Lansdown has warned against buying protected funds amid current market volatility.
Too many IFA firms are practically "giving themselves away" by basing their value on turnover rather than assets under management, according to David Ferguson.