Hargreaves Lansdown sees profit surge in record year

first_imgWednesday 1 September 2010 2:37 am whatsapp John Dunne Show Comments ▼ BROKER Hargreaves Lansdown has seen pre-tax profit up 18 per cent while assets under management also surged. The company’s figures, covering the year to the end of June, showed growth in every category as it emerged strongly from the recession.Pre-tax profit was £86.3m while total assets under administration rose by 47 per cent to £17.5bn, in the record year for the companyNet business inflows reached £3.3bn – a 65 per cent rise on the £2bn recorded in the previous year.Chief executive Peter Hargreaves said: “Even though we continue to face economic uncertainty, I believe that the company is extremely well placed to build on the momentum that has been generated so far.”Hargreaves, who founded the company with Stephen Lansdown in 1981, will step down as Chief executive tomorrow and repaced by Ian Gorham. The company announced last week that Lansdown will become a non executive director. The pair sterted the business from a Brsitol flat before building it up to b e the UK’s largest retail broker. Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoBetterBe20 Stunning Female AthletesBetterBeUndocenter_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Hargreaves Lansdown sees profit surge in record year whatsapplast_img