Record funds under direction29 Nov 2024 10:55
Alliance News) - IntegraFin Holdings PLC on Tuesday said it saw record amounts of funds under direction during the fourth quarter of financial 2024, as its advisor and client base grew steadily too.
The London-based operator of the investment platform Transact estimates total revenue of around GBP145.0 million for the fourth quarter ended September 30, up 7.5% from GBP134.9 million last year, driven primarily by higher average daily funds under direction.
IntegraFin reported 'record' high funds under direction at the quarter-end of GBP64.1 billion, up 17% year-on-year from GBP55.0 billion. It also saw a record high number of advisers registering on the platform, increasing about 3.9% to around 8,000 from 7,700 for the same three-month period last year.