Chris Hill

Chris Hill of Hargreaves Lansdown

Hargreaves Lansdown sees profits rise

Fund supermarket Hargreaves Lansdown saw profits soar 21% during the year ended 31 June after securing over 100,000 new clients.

Hargreaves Lansdown saw both revenue and profits rise over the past year after administering £79bn of investments for over 950,000 clients.

The company reported pre-tax profits of £265.8m, a rise of 21% on last year (£218.9m) and net revenue of £385.6m, an 18% increase (£326.5m).

Speaking on his first year in charge at the firm, CEO Chris Hill said: "We have had a good year for gathering new clients and assets as a result of our relentless focus on the exceptional service we provide.

“Key to this has been understanding the needs of our clients and expanding our range of solutions and services to help them. 

“There are considerable challenges for people in the current saving and investment environment but there are also opportunities, and Hargreaves Lansdown is ideally placed to help people make their investment decisions with confidence."