IntegraFin FUM grows in Q4, FY revenues rise

Investment platform operator Integrafin said on Tuesday that funds under management had increased in the fourth quarter, helping boost revenues for the year ended 30 September.

Integrafin said funds under management had risen from £54.61bn at the end of Q3 to £54.96bn - a record quarter-end Transact platform FUD position.

The FTSE 250-listed group delivered net inflows of £411.0m for the quarter, which was down from £720.0m a year earlier, and gross inflows of £1.59bn, up from £1.50bn.

Integrafin also highlighted that guidance issued in May remained unchanged for both FY23 and FY24.

Chief executive Alex Scott said: "Notwithstanding the ongoing macro-economic uncertainty, we remain confident in our market position, the strength of our proposition to advisers and clients and our ability to grow client numbers and deliver robust net flows.

"We remain well positioned to take advantage of a growing adviser platform market and deliver attractive growth and returns to our shareholders."

As of 0950 BST, Integrafin shares were down 1.11% at 213.0p.

Reporting by Iain Gilbert at Sharecast.com