Investment platform and SIPP provider Hargreaves Lansdown has notched up its milestone 2 millionth client and has also seen record assets under management, according to its 2025 Annual Report.
The Bristol-based firm says its landmark of 2m clients comes eight years after HL achieved its first 1m clients, in 2017.
Assets Under Administration have reached a record £172.7bn, up 11% year on year and driven by a 43% increase in Net New Business, the firm said.
HL says its believes the growth is also driven by investment in products and services, such as better digital journeys, a new digital VCT offering and being the first platform to offer Long Term Asset Funds within a SIPP wrapper.
Fund management arm HLFM performed well with assets up 16% in the last year to £11.9bn.
Key figures from HL's FY25 Annual Report
|
2025 |
2024 |
% change |
|
|
Active Clients |
2,018,000 |
1,882,000 |
+7% |
|
Assets Under Administration |
£172.7bn |
£155.3bn |
+11% |
|
Underlying PBT |
£544.3m |
£456.0m |
+19% |
|
Net New Business |
£6.0bn |
£4.2bn |
+43% |
|
Client retention rate |
91.5% |
91.4% |
+0.1% |
Source: Hargreaves Lansdown
Richard Flint, interim CEO, said: "Today, we have announced that we’ve reached two million clients which is a fantastic milestone for Hargreaves Lansdown, recognising our clients’ passion for saving and investing and is testament to the work we’re doing.
“Last year, we welcomed a further 136,000 net new clients, taking us to a total of 2.02 million as at 30 June 2025.
“As the UK’s largest retail investment platform with the broadest range of saving and investment options, for beginners through to those more experienced, we’re excited by the huge opportunity ahead as we create a nation of retail investors for the future.”