By Intense Life Desires 
Transact website
Investment platform Transact saw funds under direction (FUD) rise by 11% to £69.5bn in the three months to the end of June.
In a trading update, parent company Integrafin (IHP) reported Q3 net inflows to the platform of £1.2bn.
It said that was up 84% compared to the £0.7bn in the same quarter in 2024 and was the 4th successive quarter of growth in quarterly net inflows.
The client base on the platform grew 5% to 244,700 clients registered during the quarter, up from 234,100 the previous year.
Alex Scott, IHP group chief executive, said: “The Q3 results demonstrate growing momentum in the business as the Transact platform continues to deliver excellent gross and net inflows.
“Over the past year, we have consistently taken over 20% market share of net inflows to the UK adviser platform market. We are delivering strong gross inflows of over £2bn each quarter, as we continue to win more business from competitors and as advisers are drawn to our best-in-class service and technology.”
The firm said it is undertaking a group-wide cost review, which will identify enhanced business efficiency and productivity opportunities, deliver savings, and accelerate future earnings growth for IntegraFin.
It promised to provide a further update on the cost review at the FY25 results in December.
Mr Scott said the cost review would “unlock further efficiency and productivity enhancements, which have been made possible by the recent and ongoing programme of investment in technology across the group.
“I am confident that this cost review, alongside the delivery of our strategic initiatives, will put IntegraFin in the best position to deliver growing operating returns from the compelling opportunity that lies ahead.”
Financial highlights:
- Net inflows of £1.2bn, (Q324 :£0.7bn).
- Quarter end FUD of £69.5bn, up 11%.
- Average daily FUD of £66.8bn (Q324: £61.4bn).
- Gross inflows of £2.5bn (Q324: £2.0bn).
- 244.7k clients registered (Q324: 234.1k).
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