Standard Life's retail platform assets rose 26% in the first quarter of the year compared with the same period in 2011, as the group added an extra 41 adviser firms on its wrap.
Platform assets climbed to £12.6bn compared with £10bn in Q1 2011, with the number of adviser firms now up to 1,040 in total, the group said in a Q1 interim management statement on Wednesday.
Average platform assets per adviser firm have also risen, from £7.9m last year to £9.2m this year, it said.
SIPP customers grew by 24% year-on-year to 141,000, with assets increasing to £17.5bn.
The group said the prospects for Standard Life Investments (SLI) "remain strong", despite an outflow of £1.8bn in April from one low-revenue yield mandate following a client's change in pension scheme strategy.
During the first quarter, SLI launched two new ranges of MyFolio funds. As a result, it said MyFolio assets were up 26%, or £0.5bn, to £2.4bn in the first three months of the year.
Standard Life Wealth net flows up 64% to £185m.
David Nish (pictured), group CEO, said: "We remain confident that we are well positioned to deliver continued strong growth in assets. We expect this, together with improvements in efficiency, to continue to drive an ongoing improvement in financial performance."
Joined as head of strategy, multi asset, in June
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