IntegraFin Holdings plc 1st Quarter Results (7287Y)

TIDMIHP

RNS Number : 7287Y

IntegraFin Holdings plc

18 January 2022

LEI Number: 213800CYIZKXK9PQYE87

IntegraFin Holdings plc

Q1 Funds Under Direction update

Funds Under Direction ("FUD") Update

18 January 2022

IntegraFin Holdings plc today announces the quarterly Funds Under Direction update for Transact - the award-winning platform providing services to UK clients and their financial advisers.

On 31 December 2021, FUD totalled GBP54.54bn, representing an increase of 4.7% over the quarter. Over the same period, the FTSE All Share Index rose by 3.7% and the MSCI World Index (Large & Mid Cap) rose by 8.1%.

 
                          Quarter ended      Quarter ended 
-------------------- 
                       31 December 2021   31 December 2020 
                                   GBPm               GBPm 
 Opening FUD                     52,112             41,093 
 Inflows                          1,976              1,581 
 Outflows                          -688               -741 
 Net Flows                        1,288                840 
 Market movements                 1,207              2,938 
 Other movements(1)                 -68                -47 
 Closing FUD                     54,539             44,824 
--------------------  -----------------

Notes:

   (1)                   Includes fees, taxes and investment income.

Alex Scott, CEO, said:

I am delighted to report net inflows of GBP1.29bn for the quarter. This represents our best ever first quarter for net inflows, with a 22% increase on our previous best first quarter (2018, GBP1.06bn), and a 54% increase on the first quarter of financial year 2021.

The rate of growth of net inflows in the quarter has been pleasing. However, the prior year quarter was a soft comparator and reflected the continued impact of pandemic response restrictions therefore our expectation is that net inflow growth will now be at normalised levels. Our total funds under direction now stand at GBP54.54bn.

These results highlight the resilience and strength of our business model, and the growth opportunities for our platform and the addressable adviser market. As I explained at the financial year end, we continue to invest in our people and the continued development of our market leading proprietary software, whilst being mindful of the challenging economic outlook.

 
 Enquiries 
 
 Media 
 Lansons 
 Tony Langham             +44 (0)79 7969 2287 
 Maddy Morgan Williams    +44 (0)79 4736 4578 
 
 Investors 
 Luke Carrivick             +44 020 7608 5463

IntegraFin Holdings plc

Q1 Funds Under Direction update

Historical Flow and FUD data by quarter

 
                         Q2       Q3         Q4       Q1       Q2        Q3             Q4       Q1 
                       FY20     FY20       FY20     FY21     FY21      FY21           FY21     FY22 
                       GBPm     GBPm       GBPm     GBPm     GBPm      GBPm           GBPm     GBPm 
 Opening FUD         39,312   34,990     39,711   41,093   44,824    46,929         50,310   52,112 
 
 Inflows              1,699    1,225      1,291    1,581    2,153     1,994          1,967    1,976 
 Outflows              -596     -428       -560     -741     -686      -657           -660     -688 
 Net Flows            1,103      797        731      840    1,467     1,337          1,307    1,288 
 Market movements    -5,433    3,958        690    2,938      694     2,112            553    1,207 
 Other movements 
  (1)                     8      -34        -39      -47      -56       -68            -58      -68 
 Closing FUD         34,990   39,711     41,093   44,824   46,929    50,310         52,112   54,539

Notes:

   (1)                   Includes fees, taxes and investment income.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

QRFGPUUPGUPPGMM

(END) Dow Jones Newswires

January 18, 2022 02:00 ET (07:00 GMT)

Integrafin (LSE:IHP)
Historical Stock Chart
From Jun 2024 to Jul 2024