Hargreaves Lansdown's revenues climb despite 'challenging ISA season'

Net inflows slow

Hargreaves Lansdown has reported an increase in net revenues and higher assets under administration for the first four months of the year despite slower inflows amid a "challenging ISA season" for the industry.

Total net revenues from 1 January to 30 April 2016 were up 14% to £110.1m, compared to £96.9m reported in the same period last year, with its direct-to-investor platform Vantage reporting the largest revenue increase of 15%. Assets under administration also climbed to £60.3bn, up from £58.8bn at the end of last year, with Vantage once again boosting figures - assets on the platform increased by 3% from £55.9bn to £57.4bn. Hargreaves unveils MM High Income fund The increase in assets was helped by £2.3bn net new business inflows, which was offset by a £800m negative market impact, c...