Hargreaves Lansdown reports a six-month increase in profits.
Retail investment companies are growing young clients. The group has added 84,000 new clients over the past six months. Most of them are between 30 and 54 years old.
Stock trading volume surged 123% in the second half of 2020, with pre-tax profit rising to £188 million.
Hargreaves Lansdown said vaccine hopes and US election results have led to the growth of young clients.
Chief Executive Chris Hill said: Over the course of the pandemic, many have seen the need to find time, enable them to invest for the first time, and prioritize the savings of households that led them to invest.
“Next, this behavioral change leads to a dynamic change in the broader investment and wealth market. Young people are more interested in future investments and record an increase in their desire to invest. and prioritizes financial resilience and savings.
“The events at the end of 2020 have brought further stability to the external environment with the termination of Brexit trading and the completion of US elections, but the Covid-19 pandemic and the resulting economic outcomes continue to qualify for markets and businesses. It will continue to have an impact. The remainder of this fiscal year and beyond,” he added.
Hargreaves Lansdown shares closed 4.51% lower at 1.631,50.
