Hargreaves Lansdown Reports Record Assets Under Administration
October 14, 2014 9:35 am
Hargreaves Lansdown (HL.L), the financial services group today announced record Assets under Administration (AuA) in the first quarter, this comes despite a recent weakening of investor confidence as markets remain volatile. the headline figure came in at £47Bln to the end of september, this was up from £46.9Bln in the previous three months.
In their statement the company stated “Potential stock market gains are a key incentive for retail investors to act and have not been present this quarter, as markets have reflected uncertainty regarding the Scottish referendum, concern over Middle East and Ukrainian conflicts and unfavourable Eurozone economic data.”
Chief executive Ian Gorham said: “As ever, future stock market levels and investor confidence will have a significant part to play during the remainder of our financial year. However, we remain confident of growing the business further to the benefit of our clients and shareholders.”
Hargreaves Lansdown (HL.L), the financial services group today announced record Assets under Administration (AuA) in the first quarter, this comes despite a recent weakening of investor confidence as markets remain volatile. the headline figure came in at £47Bln to the end of september, this was up from £46.9Bln in the previous three months.
In their statement the company stated “Potential stock market gains are a key incentive for retail investors to act and have not been present this quarter, as markets have reflected uncertainty regarding the Scottish referendum, concern over Middle East and Ukrainian conflicts and unfavourable Eurozone economic data.”
Chief executive Ian Gorham said: “As ever, future stock market levels and investor confidence will have a significant part to play during the remainder of our financial year. However, we remain confident of growing the business further to the benefit of our clients and shareholders.”
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