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Hargreaves Lansdown enjoys a £1.2bn boost

By Daily Mail Reporter
Updated: 04:56 EDT, 20 April 2011

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Hargreaves Lansdown bucked the economic gloom as the retail investment broker attracted £1.2bn of cash to its funds, which saw its third quarter sales rise 36% to £53.3m.

The Bristol-based firm, which added 20,000 small investors in the three months to April 15, has £23.6bn of assets under administration. It also has 366,000 active clients.

But chief executive Ian Gorham added a note of caution saying that 'uncertainty around North Africa and the Middle East and looming spending cuts' in the UK could hit the FTSE 100 firm later in the year.

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