Source - SMW
Hargreaves Lansdown grew revenue, profit, assets under administration and active client numbers to new record levels in the year to the end of June.

The group also announced that chief executive Ian Gorham will step down no later than the end of September next year when he will have CEO for more than seven years. 

Group chief financial officer Chris Hill  will become deputy CEO from 1 October this year, with the intention that he will be confirmed as CEO following Gorham's departure.

Highlights from the group's preliminary results for the year ended 30 June include:

-   Assets under administration up 12% to £61.7 billion

-     836,000 active clients, an increase of 100,000 in the year

-      Profit before tax up 10% to £218.9 million

-     Total dividend up 3% at 34.0 pence per share

Gorham said: "We are delighted to present a set of results demonstrating a healthy profit growth and continued substantial new assets and clients. Hargreaves Lansdown is well positioned to take advantage of the structural opportunity for growth in the savings and investments market, including the launch of the Lifetime ISA in April next year." 

At 8:08am: (LON:HL.) Hargreaves Lansdown PLC share price was -31.5p at 1318.5p

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