16th Jul 2024 12:07
(Alliance News) - IntegraFin Holdings PLC on Tuesday said the company is on track for long-term growth following strong quarterly performance.
The London-based operator of the investment platform Transact said closing funds under direction, in third quarter that ended on June 30, rose 14% to GBP62.42 billion from GBP54.61 billion the previous year.
Average daily FUD reached a record GBP61.44 billion, up 13% from GBP54.29 billion.
Net flows increased 6.8% to GBP659 million from GBP617 million.
The company ended the quarter with 234,084 clients on the platform, 1.9% ahead of 229,659 previously.
Chief Executive Officer Alex Scott said: "We continue to organically grow our adviser and client numbers... This underlines our long-term track record of organic growth on the platform and is testament to our high-quality service and the wide range of platform functionality."
IntegraFin shares were down 0.8% to 367.00 pence each in London on Tuesday morning.
By Elijah Dale, Alliance News reporter
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