The share price ofHargreaves Lansdown (LSE: HL) is currently down close to 4%, despite the company announcing some record figures in a trading statementthis morning.
Hargreaves Lansdown says that it has had record net inflows of2.75bn in the four months to 30 April 2015, with a cumulative total net inflow of 5.00 billion in the ten months to 30 April 2015 (although thats actually 6.2% down on the previous comparable period).
The company goes on tosay that an increase of 6.2bnAssets under Administration (AUA) over the same period has boosted its total AUA to a record level of55.3bn 22% higher than a year ago. It also reports that net new active Vantage accounts are up by 40,000 in the four months to 30 April, with continued high client and asset retention rates, which are of 93.4% and 92.7% respectively.
Hargreaves Lansdown says that the new pension freedoms, which have been available to the publicsince6 April, have been a success, and that even though new assets of all types for the period 11 January to 5 April werea recordany similar period, there has been a particular interest in pensions since6 April.
Looking at the overallmarket, the company says itsresults are particularly pleasing, and that it hashad a very successful time in what it describes as a sluggish wider environment according to the Investment Association, net retail sales through UK fund platforms for the three months to 31 March 2015 were down 39% compared the same periodlast year.
Commenting on the trading statement, CEOIan Gorham said:
Hargreaves Lansdown has always aimed to be the best for overall value. Although never complacent, we remain happy with our current strong position. We will keep the marketplace and feedback from our clients under review to ensure we remain the best value place for the UK public to buy investments.
Even with todays dip, at1,231.5p, Hargreaves Lansdowns share price is up 6.4% so far this year, compared to a 2.9% rise in the FSTE 100. And over the longer term, Hargreaves Lansdown has left the index trailing, with a share price rise of 243% over the past five years over seven times more than theFTSE 100s 33% gain in the same time.
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