Transact unveils charge reductions amid good growth for parent firm

Adviser users and total platform clients both increased in 2023

Hope Coumbe
clock • 2 min read

Increased adviser users and client numbers alongside ‘resilient’ inflows at Transact during 2023 have seen its parent company IntegraFin end the year on a positive note.

Full year results for the firm, published today (14 December), reveal a slump in net new business flows for Transact have been countered by solid growth in adviser users and total client numbers on the platform. "Inflows fell across the whole advised retail sector due to the cost-of-living crisis, which diminished the available income for investment," IntegraFin group chief executive (CEO) Alexander Scott said. Gross inflows fell during the year as a consequence of this, while funds under direction rose £5bn this year to reach £55bn. Net new business inflows for 2023 were £2.7bn, down...

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