Surging demand drives record performance at Hargreaves Lansdown

clock • 2 min read

Investment platform Hargreaves Lansdown has reported a rise in inflows and assets on the back of the meme-stock frenzy and surging interest from retail investors, driving "record performance" for the Bristol-based wealth manager. The company, which administers £135.5bn of investments for over 1,645,000 clients signed up 233,000 net new clients and posted £8.7bn of net new business in the year to the end of June. However, profits before tax fell short of 2020's result, down 3% to £366m on the back of higher costs. Revenue grew by 15% to £631m, thanks in part to a changing demographi...

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