Hargreaves sees inflow boost in Q1 as AUM falls

Hargreaves Lansdown saw net new business inflows rise by almost a quarter in the three months to September but said a fall in its assets under management was caused by stock market movements.

In the first quarter of a financial year which runs to the end of June, Hargreaves said inflows rose £680m, up 24% on Q1 2010. Revenues climbed 27% to £57.2m while the number of clients rose by 8,000...