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IntegraFin Holdings PLC on Tuesday said the company is on track for long-term growth following strong quarterly performance. The London-based operator of the investment platform Transact said closing funds under direction, in third quarter that ended on June 30, rose 14% to £62.42 billion from £54.61 billion the previous year. Average daily FUD reached a record £61.44 billion, up 13% from £54.29 billion. Net flows increased 6.8% to £659 million from £617 million. The company ended the quarter with 234,084 clients on the platform, 1.9% ahead of 229,659 previously. Chief Executive Officer Alex Scott said: ‘We continue to organically grow our adviser and client numbers... This underlines our long-term track record of organic growth on the platform and is testament to our high-quality service and the wide range of platform functionality.’ IntegraFin shares were down 0.8% to 367.00 pence each in London on Tuesday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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