Q1 updates: Hargreaves Lansdown's tech investments boosts ISA season activity

Asset and wealth manager trading updates

clock • 11 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 Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Nathan Sweeney (pictured), chief investment officer of multi-asset at Marlborough

Marlborough's Nathan Sweeney: Four potential black swans for 2024

Geopolitical tensions and AI

Nathan Sweeney
clock 04 January 2024 • 4 min read
Market Movers Blog: UK inflation risk spikes following Red Sea delays

Market Movers Blog: UK inflation risk spikes following Red Sea delays

Latest news and analysis

Investment Week
clock 03 January 2024 • 1 min read
The IMF's Gopinath added the economic costs of Cold War II 'could be large' because the world is now even more integrated.

IMF official: World economy at risk of 'Cold War two'

Gita Gopinath

Laura Miller
clock 12 December 2023 • 1 min read
Trustpilot