HL reports turnaround in net new business in 2023 opening months

1.8 million new clients

Eve Maddock-Jones
clock • 1 min read

DIY investment platform Hargreaves Lansdown reported £1.6bn net new business in the opening three months of 2023, according to its first quarter trading update.

This was a 14% increase on the same period last year, which Chris Hill, outgoing CEO, said was due to a combination of changes to the tax landscape, the group's marketing activity, and "ongoing developments in our core propositions generated a call to action for clients in the run up to tax year end". Hargreaves Lansdown adds L&G ESG EM tracker fund to Wealth list Hill said the result was a "significant step up" versus the six months to 31 December 2022, as clients prioritised utilising their ISA and SIPP tax allowances before the deadline during the period. Hargreaves also reporte...

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