84,000 in equivalent period last year and 50,000 the year before (which is arguably more comparable).
I don’t think they’ll have lost many existing customer. The risk is that their pipeline of new customers is being eroded.
Different client base. Compare the £ new business.
During the lock down period all the brokers saw a growth in client numbers. All have seen a growth drop since then.
Always worth remembering that HL is not in the same market niche as Freetrade - that may change in the future. But for now, HL has more to worry about with Interactive Investor.
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Agree with Bitflip.
For now HL & II are direct competition. FT & T212 are direct competition.
Interactive Brokers have entered somewhere in the middle. I see that segment being the long term destination for a lot of the newer price-conscious customers once they start to desire more security for a growing portfolio.
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For some customers interactive investor might be more expensive than HL.
I was an ex EQi customer before I saw the light and moved to freetrade and other low cost brokers.
ii tried to make the claim they were cheaper than EQi for most customers but gave a promise that lasted for the initial 6 months that if they were more expensive, they’d refund the difference.
It’s the monthly fees. If HL only charges quarterly fees, and I don’t know the lie of the land there, then it’s possible HL is cheaper for some customers.
I haven’t looked at EQi.
But in general for HL v II ISAs;
HL was cheaper for people holding stocks and making infrequent trades of a higher value. FX is cheaper, particularly above £5k.
II was cheaper for people holding higher values of funds or making a regular stock trades per month.
long but covers a number of improved product areas are discussed/announced
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Assets under administration for HL down by 10% but they made £121.6 million just on customer cash sitting in their accounts in the last six months of 2022!
Savers snub stocks and funds amid turbulence | This is Money
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Founders should get a nice big fat payday and can go off into the sunshine 
and chill
I wonder what this means for the product it’s self, what the buyers have in mind. Strip for profit or change things up or just let it run into obscurity
I doubt we’ll see any significant changes, at 5% earnings yield and no existing debt it’s not exactly distressed.
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