Hargreaves Lansdown (HL.) delivered another impressive performance in the year to June, pushing profits and assets under management to record levels. And maintaining a top-quality service for its clients has also paid off for the pensions and investment planning specialist, with customer numbers up 76,000 at 507,000. Moreover, shareholders have been rewarded with another special dividend of 8.91p a share.
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Regulatory changes are working to the company's advantage, with its advisory service already operating on a fee-based principle, and revenue from the its discretionary advice service grew 25 per cent to £34.1m.