IntegraFin Holdings (IHP), the parent company of Transact, has reported gross flows of £1.5bn for the fourth quarter which it said highlighted the “resilience of the platform business model”.
Its Q4 update said there had been robust flows to the platform with net flows of more than £0.4bn. It added net inflows for 2023 were more than £2.6bn, representing about 5% of opening funds under direction (FUD). Transact's total funds were £54.9bn. The group said total group revenue was expected to be about £134.9m for 2023 compared to £133.6m in 2022, driven by higher average daily FUD in the period. It said the platform had a record number of clients - more than 230,000 representing at 2% increase over the year. Transact's adviser base also grew with 7,600 registered on t...
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