The number of client initiated deals jumped by 49% in the three months following the EU referendum. The tally amounted to 1.03mln deals, compared to 691,000 in the same period of 2015.
At the same time the rally in blue-chip share prices saw the value of Hargreaves Lansdown’s assets under administration increase by nearly £6bn, to £67.6bn at the end of September.
That said, the stockbroker summed up the current mismatch of share prices driven largely by currency factors, as the pound has tumbled, and a broader rise in uncertainty.
This is manifest in a 22% drop in new business inflow and a 17% drop in the number of new active clients during the period.
“Despite the higher stock market levels, investor confidence has fallen and there remains much uncertainty about the future economic environment weighing on investors' minds,” the company noted.
It added: “As ever, future stock market levels and investor confidence will have a significant part to play during the remainder of our financial year.
“However, we remain confident in the execution of our strategy to take advantage of the structural growth opportunity in the UK savings and investments market to the benefit of our clients and shareholders.”