REG - IntegraFin Holdings - Q1 Trading Update

Integrafin HoldingsAnnouncement

14/01/2025 07:00

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RNS Number : 1475T  IntegraFin Holdings plc  14 January 2025

 

LEI Number: 213800CYIZKXK9PQYE87

 

 

14 January 2025

 

 

IntegraFin Holdings plc

 

Q1 Trading Update

 

Digitalisation enhancements delivering strong net inflows to the Transact
Platform

 

IntegraFin Holdings plc ("IHP" or the "Group"), operator of Transact, the UK's
premium investment platform for clients and UK financial advisers, is pleased
to update on performance for the three months ended 31 December 2024.

 

Group highlights

 

·  Strong Q1 FY25 net inflows to the Transact platform of £0.9bn (Q1 FY24:
£0.3bn), representing 5.7% of opening FUD for the quarter annualised.

 

·   A further record quarter end for funds under direction (FUD) on the
Transact platform of £65.9bn, up 3% during the quarter and 14% over the past
year.

 

·      Record high average daily FUD of £65.5bn in Q1 FY25 (Q1 FY24:
£55.5bn).

 

·      Record high levels of gross inflows to the platform in Q1 FY25 of
£2.4bn (Q1 FY24: £1.7bn).

 

·   Growing client base on the platform with 238.0k clients registered at
Q1 FY25 (Q1 FY24: 231.4k).

 

Alex Scott, IHP Group Chief Executive Officer, commented:

 

"We are pleased that the Transact platform has delivered an excellent start to
the new financial year, building on the strong momentum seen in H2 FY24. 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.

 

Average daily FUD 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 have both returned to more normalised levels over the November and
December period.

 

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."

 

 

 

 

Transact platform reporting for Q1 FY25:

 

                                         Quarter ended 31 December 2024  Quarter ended 31 December 2023

 £m
 Opening FUD                             64,065                          54,959
 Inflows                                 2,418                           1,657
 Outflows                                -1,498                          -1,389
 Net flows                               920

      268
 Market movements                        880                             2,786
 Other movements((1))                    15                              -3
 Closing FUD                             65,880                          58,010
 Average daily FUD for the period (£m)   65,462                          55,474
 Number of platform clients              237,978                         231,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes:(1)Includes fees, taxes and investment income

 

 

Transact platform historical information:

 £m                                      Q2 FY23  Q3       Q4 FY23         Q1 FY24                              Q2 FY24  Q3 FY24  Q4 FY24  Q1 FY25

                                                  FY23
 Opening FUD                             52,063   53,973   54,606          54,959                               58,010   61,020   62,420   64,065
 Inflows                                 1,825    1,517    1,595           1,657                                2,268    2,017    2,162    2,418
 Outflows                                -900     -900     -1,184          -1,389                               -1,478   -1,358   -1,370   -1,498
 Net flows                               925      617            411               268                          790      659      792      920
 Market movements                        994      21       -62             2,786                                2,196    745      838      880
 Other movements((1))                    -9       -5       4               -3                                   24       -4       15       15
 Closing FUD                             53,973   54,606   54,959          58,010                               61,020   62,420   64,065   65,880
 Average daily FUD for the period (£m)   53,842   54,288   54,964          55,474                               58,567   61,435   63,044   65,462
 Number of platform clients              228,232  229,659  230,294         231,413                              231,581  234,084  234,998  237,978

 

Notes:(1)Includes fees, taxes and investment income.

 

 

 

 

 

 

 

 Enquiries:
 Investors
 Luke Carrivick, IHP Head of Investor Relations  +44 020 7608 5463
 Media
 IHP@fgsglobal.com

 FGS Global: Mike Turner                                               +44 7775992415

                                                 +44 7855955531
 FGS Global: Chris Sibbald

 

 

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