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    Investors’ confidence hit by Brexit, claims UK’s largest stockbroker

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    Hargreaves Lansdown, the UK’s largest stockbroker, has seen its share price fall significantly since the referendum result, citing low investor confidence amongst its largely retail-based clients. The total number of active clients is down 17% from earlier this year and net new business inflows in the three months to 30 September fell by a fifth to £1 billion. Despite rising anxiety, stock market gains buoyed its assets under administration by 9.5% and the broker has also reported a strong demand for clients to trade shares following the referendum with net quarterly revenues up 15%.

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