Hargreaves Lansdown, a British investment broker, said today that the company had reported the best quarter ever in the quarter ended March 2010. Hargreaves said that it had reported a growth of around 13% in its total assets under administration at the end March 2010 and a growth of 20% in its total revenue for the quarter.

The company said that in the quarter investors made more high-yield and tax efficient investments as there was a fear of higher taxes and record low interest rates.

"We believe that this, together with the fear of higher taxes, has galvanized investors into seeking tax-efficient investments," said Peter Hargreaves, chief executive of the Group.

Assets under administration were reported of £17.6 billion in the quarter ended March 2010, increasing by 12.8% while it was reported of £15.6 billion in the quarter ended December 2009. The company said that the operating revenue was reported of £39.9 million in the third quarter of the fiscal, increasing by 19.8% compared to £32.8 million reported in the same period last year.

Total assets of its largest division, Vantage, were reported of £16.3 billion at the of March quarter, increasing by 13.2% compared to December quarter. Hargreaves said that the third quarter revenue of Vantage was reported up by 26% comparing to the same period last year. Hargreaves said that the improved performance in Vantage was mainly attributable to the higher value of assets and to new business inflows.