IntegraFin reports best Q1 inflows

Financial investment platform operator IntegraFin Holdings reported a 4% rise in funds under direction (FUD) for the quarter to December 31.

The company, which runs the Transact platform for financial advisers and clients, on Tuesday said FUD totalled £39.3bn. During the period the FTSE All Share Index rose by 3.3% and the MSCI World Index rose by 0.6%.

Chief executive Ian Taylor said the inflows were IntegraFin's highest for a first quarter.

"Data from Fundscape shows that Transact had the highest net inflows of all advised platforms in the first three quarters of 2019. The business is well positioned, with funds under direction 24% higher than 31 December 2018. These are positive indicators for the year ahead," he said.