that is way HL is goin up18 Apr 2013 11:02
Highlights
· Record level of Assets under Administration ("AUA"), increasing by £4.7 billion in the three months to 31 March 2013 to £35.1 billion.
· Record quarterly net inflows of £1.80 billion in the three months to 31 March 2013 (2012: £1.00 billion).
· Cumulative net inflows of £3.44 billion in the nine months to 31 March 2013 (2012: £2.17 billion).
· Year-to-date revenue up by 24% to £216.6 million.
· Net new active Vantage clients up 30,000 in the quarter (2012: 17,500)
Commenting on the Interim Management Statement, Ian Gorham, Chief Executive, said:
We are pleased to report net inflows of £1.8 billion, a record for any quarter in Hargreaves Lansdown's history. Net inflows for the year to date, at £3.44 billion, are up 59% on the comparative nine month period. Assets Under Administration now stand at £35.1 billion, (31 March 2012: £26.0 billion), up 35%. Active Vantage clients now number 476,000 (2012: 413,500), a rise of 30,000 in the quarter (2012: 17,500), a 71% improvement.