Hargreaves Lansdown Plc another year of strong growth

Hargreaves Lansdown plc (LON:HL.), today announced the results for the year ended 30 June 2018.

Highlights:

· Net new business of £7.6 billion

· Strong growth in Assets Under Administration, up 16% to £91.6 billion

· 1,091,000 active clients, an increase of 137,000 in the year

· Profit before tax increase of 10% to £292.4 million

· Total dividend up 38% at 40.0 pence per share

Hargreaves Lansdown, Chris Hill, Chief Executive Officer, commented:

“We have had another year of strong growth, in client numbers, net new business, market share and profits, driven by our continued commitment to provide excellent levels of service.  Our continued investment into our people, technology and marketing helps our clients to engage with their savings and investments.  This provides them with the knowledge and confidence to make decisions and our range of solutions makes it easy for them to act.  We have a huge responsibility to help more than a million clients at a time when they have never needed our help more, and we are uniquely well positioned to provide them with the solutions they need.

I am pleased we have been able do all of this whilst also reinstating a special dividend to shareholders, resulting in a 38% increase in the final dividend.”

About us:

Hargreaves Lansdown is the UK’s largest direct to investor investment service administering £91.6 billion of investments for over 1,090,000 clients. Our purpose is to empower people to save and invest with confidence. We aim to provide a lifelong, secure home for people’s savings and investments that offers great value, an incredible service and makes their financial life easy.