The DIY investment market grew 13.5% over 2023, hitting an all-time high of £391.8bn in assets under administration, while the top five players remain a dominant force.
According to new research from Boring Money, Hargreaves Lansdown, interactive investor, Fidelity, AJ Bell and Vanguard hold a combined 70% market share of the near £400bn in assets. Hargreaves Lansdown profits drop 8% as platform ramps up technology spend While ii, Fidelity, AJ Bell and Vanguard saw an increase to their market share over the year, Hargreaves Lansdown recorded a decrease to 36%, although this remains the largest individual share. Customer accounts rose 8.3% over the year, up to 10.2 million DIY investment accounts in the UK. While the average age of an investor r...
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