Adviser platform Transact saw record first half inflows as it grew its assets by a net £1.8bn in the six months to 31 March 2018.
The platform’s parent company, Integrafin, floated on the London Stock Exchange in March.
In the company’s first update since floating, Integrafin said Transact had assets of £29.7bn at the end of March, compared with £27.9bn at the end of September 2017. When compared with the same six month period last year, Transact’s assets grew by £4.2bn.
The company reported a profit of £18.7m, on a turnover of £44.6m. That profit compared to the £17.3m achieved in the same six month period last year.
Ian Taylor, chief executive of Transact, said the company had achieved its highest ever level of inflows in the first half of the year, despite heightened market volatility.
He said: "Given our differentiated premium offering and the quality of the service we offer to advisers and their clients, we remain confident in our ability to sustain growth as we move into the second half of the year."
The profit margin of 48 per cent, ahead of 47 per cent achieved for the 2017 full year, and the 45 per cent for the six months in 2017.
david.thorpe@ft.com
