Hargreaves Lansdown reported a decline in assets under management (AUM) for the six months to the end of December 2018, while profits rose by 4 per cent.
In a statement released to the stock market this morning (January 29) the company revealed that its assets under management (AUM) fell by 6 per cent during the year, to £85.9bn, while profits rose by 4 per cent to £153.4m.
The company confirmed that it had 1.1 million clients at the end of December, an increase of 45,000 in six months.
It attracted net inflows in the six month period covered by these accounts of £2.5bn.
The company's chief executive Chris Hill said: "The diversified nature of Hargreaves Lansdown has enabled us to continue growing despite a period of geopolitical uncertainty, market volatility and weak investor confidence.
"We have a significant long-term market opportunity and our recent investment in service and developing our proposition are bringing real benefits to the business and our clients, both in difficult times such as the present and as and when conditions improve."
He added that he expects the company's cash savings product, Active Savings, which was launched in 2018, to be an area of future growth.
Mr Hill said: "While Active Savings has been gaining traction we have been busy on the next stages of development.
"The ability to hold and manage cash through our platform and receive a competitive rate of interest, should prove very appealing during uncertain times for investors and we will look to add an easy access account shortly.
"We are also looking forward to welcoming new clients from Witan Investment Services following their announcement to withdraw from administering their retail investment trust savings and Isa schemes.
"The deal could involve the transfer of up to 16,000 retail clients, representing up to £420m.
"This is the seventh such transaction we have undertaken and once again demonstrates our ability to provide the best solution for fund managers and the best value for their clients."
The stock market reaction to the results has been negative, with the shares falling 5 per cent since the results announcement, to £17.03p.