Hargreaves Lansdown profits and AUM rise as new CEO settles in
Net new business fell to £4.8bn from £5.5bn
Net new business fell to £4.8bn from £5.5bn
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Platform flows have fallen from £2.4bn to £1.2bn over one year
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The firm reported operating profit of £142m for the first half
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Key events for UK wealth managers for the week starting 14 August
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The trust has sold several holdings including Peloton, Carvana and First Republic
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While AUM ticked up 2% in first half
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‘Strategic rebalancing’ towards higher growth and increased longevity areas
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AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
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Assets under management and advice rose to £54.9bn
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Assets under management dropped by 10% to £129.3bn
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Better than expected performance greeted enthusiastically by investors
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Funds under management and administration hits £59.2bn aided by Saunderson House acquisition
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