Hargreaves Lansdown share price: Group updates on recent trading

Hargreaves Lansdown (LON:HL) has updated investors on its recent trading this morning.

**Highlights from the company statement:**
· Net inflows of £2.30 billion in the four months to 30 April 2016 (four months to 30 April 2015: £2.75 billion).
· Cumulative total net inflows of £5.07 billion in the ten months to 30 April 2016 (ten months to 30 April 2015: £5.00 billion).
· 9% increase in AUA to £60.3 billion compared to 30 April 2015 (31 December 2015: £58.8 billion).
· Net new active Vantage clients up 38,000 in the four months (four months to 30 April 2015: 40,000).

· Total active clients as at 30 April 2016: 822,000 (30 April 2015: 715,000), up 107,000 (+15%) from one year ago.
· Continued high client and asset retention rates of 94.3% and 93.4% respectively for the ten months to 30 April 2016.
· Year-to-date total net revenue of £268.9 million (ten months to 30 April 2015: £241.0 million), up 12%.
Ian Gorham, Chief Executive, said

“Hargreaves Lansdown continues to maintain its market leading position as the most popular destination for UK retail investors, with strong new business and client growth for the period notwithstanding a challenging ISA season for the industry in the context of volatile market conditions, low investor confidence and 25% of investors quoting current uncertainty over EU membership as reducing their propensity to invest*.”
As of 07:12 BST, Thursday, 19 May, Hargreaves Lansdown PLC share price is 1,300.00p.