IntegraFin Holdings plc (IHP.L) Tuesday said its Transact investment platform had net inflows of 920 million pounds in the first quarter, higher than 268 million pounds in the same quarter a year ago.
Funds under direction (FUD) on the Transact platform was 65.9 billion pounds, 14 percent up year-over-year.
Average daily FUD was 65.5 billion pounds in the first quarter, higher than 55.5 billion pounds a year ago.
"The investment in digitalisation of Transact has contributed to our ongoing appeal to clients and advisers and resulted in strong net inflows for the quarter of over £0.9bn. This quarter also saw the platform's highest ever gross inflows of £2.4bn, as advisers were attracted to our market-leading service and continued functionality enhancements, said Alex Scott, IHP Group Chief Executive Officer.
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