Hargreaves Lansdown plc (LON:HL) today issued a trading update in respect of the three months ended 30 September 2024.
Total revenue in the quarter amounted to £196.5 million, up from £183.8 million, registered in Q1 2024. The rise reflected increased dealing volumes and higher platform revenue from higher AUA levels, more than offsetting the year on year reduction in revenue on cash from a lower net interest margin.
AUA finished the quarter at £157.3 billion driven by positive market movement of £1.5 billion and net new business of £0.5 billion (Q1 2024: £0.6bn).
Net client growth was 18,000 in the quarter (Q1 2024: 8,000) driven by net new clients in the SIPP, ISA and Active…
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