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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

IntegraFin delivers 'robust' net inflows in Q3

(Sharecast News) - Investment platform operator Integrafin said on Tuesday that it had delivered "robust net inflows and organic growth" in the three months ended 30 June. Integrafin said client numbers rose 2% to an all-time high of 234,000 in Q3, with roughly 4,000 new clients being added to its Transact platform over the past twelve months. Registered advisers grew 5% to 8,000 - another fresh record.

Net inflows to its Transact platform during the period were flat quarter-on-quarter at £700.0m, while gross inflows were down £200.0m at £2.0bn.

The FTSE 250-listed firm did deliver a record quarter in terms of average daily funds under direction, which jumped from £58.6bn on 31 March to £61.4bn on 30 June.

Chief executive Alex Scott said: "Once again, our quarterly performance has demonstrated the resilience of the Transact platform and the consistent performance of the IntegraFin Group.

"By remaining focused on our business model and strategy, the group is well placed to continue to take advantage of a growing UK adviser platform market."

As of 0920 BST, Integrafin shares were up 0.18% at 370.18p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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