Hargreaves Lansdown hits record £155.3bn assets under administration

Takeover bid window also extended

Linus Uhlig
clock • 2 min read

Hargreaves Lansdown has reached a record £155.3bn assets under administration following an influx of new clients into the platform.

Rapidly rising AUA represented an increase of 3.7% in the three months to 30 June 2024, according to HL's trading update today (19 July). Spread across the company's SIPP, ISA and active savings offerings, a net 24,000 new clients joined HL in the most recent quarter, providing £1.6bn of new business.  Fresh clientele represented a significant uptick of 85% year-on-year, with 1,882,000 clients now active on the investment platform. The recent figure represents a notable jump from the 13,000 reported for the three months to June 2023.  Hargreaves Lansdown receives second bid from PE...

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 Companies

Evelyn Partners reports 'elevated' outflows as volatility hits clients

Evelyn Partners reports 'elevated' outflows as volatility hits clients

Net flows remain positive at £345m

Isabel Baxter
clock 08 May 2025 • 2 min read
Rathbones FUMA falls 4.7% as Investec Wealth merger nears completion

Rathbones FUMA falls 4.7% as Investec Wealth merger nears completion

‘Reflected market volatility’

Eve Maddock-Jones
clock 08 May 2025 • 1 min read
Asset management M&A activity fails to bring 'meaningful profitability improvements'

Asset management M&A activity fails to bring 'meaningful profitability improvements'

M&A strategy not necessarily a winner

clock 06 May 2025 • 1 min read
Trustpilot