IntegraFin Holdings, a leading investment-platform provider in the U.K., has announced a slight increase in its funds under management for the fourth quarter. The company reported that its total funds under management rose to £54.96 billion ($67.14 billion) as of September 30, up from £54.61 billion three months prior.
During the quarter, IntegraFin also achieved net flows of £411 million. This positive result demonstrates the organization’s ability to attract new clients and retain existing ones.
Looking ahead, IntegraFin is optimistic about its financial performance for fiscal year 2023. The company anticipates revenue of approximately £134.9 million, driven by higher daily funds under direction. This projection shows a modest increase from the previous year’s revenue of £133.6 million.
Despite ongoing macro-economic uncertainty, Chief Executive Alex Scott remains confident in the company’s market position and its ability to deliver robust net flows. IntegraFin’s strong proposition to advisers and clients is expected to drive continued growth and help expand its client base.
It is important to note that IntegraFin’s guidance for fiscal years 2023 and 2024, previously issued in May, is still valid and supported by the company’s performance.