Hargreaves Lansdown adds 13K new clients in Q4 2023

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/07/Hargreaves-Lansdown.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p><a href="https://www.leaprate.com/forex/executives/hargreaves-lansdown-ceo-chris-hill-to-step-down/" target="_blank" rel="noopener">Chris Hill</a>, Chief Executive Officer, commented:</p>
<div><img aria-describedby="caption-attachment-447024" decoding="async" class=" wp-image-447024" src="https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill.jpg" alt="Chris Hill" width="115" height="115" srcset="https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill.jpg 459w, https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill-250×250.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill-120×120.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/10/Chris-Hill-245×245.jpg 245w" sizes="(max-width: 115px) 100vw, 115px" /><p>Chris Hill<br />Source: LinkedIn</p></div>
<blockquote><p>We delivered net new business of £1.7 billion in the period, up 6% on the previous quarter. The tax year end season remains a critical time for our clients and this year we focused on supporting them to navigate the changes to the tax landscape, making the most of their allowances and delivering further value to our overall client proposition.</p></blockquote>
<blockquote><p>The improvements in the previous quarter, including the launch of a new cash ISA, three new Portfolio Funds and price reductions on our LISA and JISA accounts, were further enhanced with the removal of fees for dividend reinvestment and regular monthly investing along with the addition of new partner banks to Active Savings.</p></blockquote>
<blockquote><p>The breadth of and continued investment into our client proposition, means we remain well positioned to grow and support both new and existing clients with their investment and savings needs.</p></blockquote>
<p>During the quarter, the average monthly share dealing volumes stood at 685,000, reflecting an 11% decline compared to the previous quarter and a 12% decline compared to the same period last year. Throughout the quarter, investor confidence remained low due to factors such as cost-of-living concerns, increasing interest rates, and market volatility, all of which had a negative impact on the number of transactions taking place.</p>
<p>The company noted that it will publish its full year results on 19 September 2023.</p>
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