IntegraFin reports record funds under direction after strong quarter
, the operator of the Transact investment platform, reported robust trading results for the first quarter of the 2025 financial year on Tuesday, driven by record inflows and continued platform growth.
The FTSE 250 company said net inflows for the three months ended 31 December reached £920m, a substantial increase from £268m in the same period last year.
Gross inflows hit a record £2.4bn, compared to £1.7bn in the first quarter of the 2024 financial year, reflecting heightened client activity and improved retention.
Funds under direction (FUD) on the Transact platform reached a record £65.9bn at the end of the quarter, up 3% from the prior quarter and 14% year-on-year.
Average daily FUD also achieved a new high of £65.5bn, compared to £55.5bn in the same quarter last year.
The client base continued to expand, with 238,000 registered clients at the end of the quarter, up from 231,400 a year earlier.
Market movements added £880m to FUD, while outflows were recorded at £1.5bn, slightly higher than the £1.4bn reported for the first quarter of the 2024 period.
IntegraFin attributed the strong performance to ongoing digital enhancements to the Transact platform, which had improved operational efficiency and customer experience.
The company emphasised its commitment to supporting UK financial advisers and their clients with premium investment solutions.
"We are pleased that the Transact platform has delivered an excellent start to the new financial year, building on the strong momentum seen in the second half of the 2024 financial year," said group chief executive officer Alex Scott.
"The investment in digitalisation of Transact has contributed to our ongoing appeal to clients and advisers and resulted in strong net inflows for the quarter of over £0.9bn.
"This quarter also saw the platform's highest ever gross inflows of £2.4bn, as advisers were attracted to our market-leading service and continued functionality enhancements."
Scott noted that average daily funds under direction levels also reached record highs, supported by global equity markets buoyed by the outcome of the US election in November.
"Furthermore, uncertainty in anticipation of the UK Autumn Budget led to heightened client activity in October.
"This affected both inflows and outflows but resulted in minimal impact on net flows in that month."
Inflows and outflows had both returned to "more normalised levels" over the November and December period, Alex Scott added.
"Long-term structural growth drivers for the UK adviser platform market remain positive, and IHP's market-leading proposition puts us in a strong position to capitalise on future growth."
At 0918 GMT, shares in IntegraFin Holdings were up 6.07% at 341p.
Reporting by Josh White for Sharecast.com.
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