British investment manager Hargreaves Lansdown has recorded net inflows of £1.11bn in the first quarter of fiscal year 2017, down 22% compared to £1.43bn a year ago.
For the quarter ended 30 September 2016, revenue increased 15% to £90.6m from £78.5m in the prior year. The rise in revenue was driven by higher asset values, and strong share dealing volumes following on from the EU referendum, the company said.
Assets under administration (AUA) rose by £5.9bn to a record £67.6bn.
Total active client numbers were 20,000, down 17% from the previous year, while total client numbers stood at 856,000.
Client initiated share deals in the quarter were 1,031,000, a surge of 49% from 691,000 a year earlier.