Hargreaves Lansdown reports small rise in assets in Q3 2007

Hargreaves Lansdown reported a £400m rise in assets under administration during a tough first quarte...

Hargreaves Lansdown reported a £400m rise in assets under administration during a tough first quarter of trading as a listed company. Trading on the investment manager’s Vantage platform was the main contributor to inflows, up from £9.1bn on 30 June 2007 to £9.5bn as at 30 September. The number of active Vantage clients as at 30 September was around 223,000 compared with 218,000 at the start of the quarter, the group added. Peter Hargreaves, chief executive, said it was difficult to draw too many conclusions from the first quarter of trading. “Despite the less favourable market cond...