Investment groups have enjoyed a great run since the credit crisis bottomed five years ago, but few have done better than Hargreaves Lansdown.
The portfolios it administers on behalf of wealthy investors have risen in value by an annual 25% over five years to £43 billion. Net revenue has grown from £132 million in 2009 to a prospective £312 million. Every pound of HL's net revenue generates 65p of profit, against 52p in 2009.