The advice arm of asset manager Aberdeen has reported £0.5bn in outflows for the quarter ended 30 September.

However, the net flows were a 50% improvement year-on-year (Q3 2024: £1bn), which the firm attributed to improved service and repricing.

Net outflows for Aberdeen’s adviser segment were £1.4bn for the year to date, in comparison to £3bn of net outflows for the same period last year.

The adviser business had assets under management and advice of £79bn as at 30 September, an increase of over £3bn over the quarter (30 June 2025: £75.7bn).

The outflows for the adviser segment were offset by net inflows of £1.9bn for the asset manager’s Interactive Investor wealth management arm (Q3 2024: £1.2bn).

The asset manager’s investment arm also reported net outflows for the third quarter. Net outflows of £1.8bn were 49% lower than Q3 last year, with the improvement driven by fixed income, alternatives and equities (Q3 2024: £3.5bn).

Overall assets under management and advice rose 6% for the year to date to £542.4bn as at 30 September (31 December £511.4bn).

Jason Windsor, CEO of Aberdeen, said the firm’s adviser arm is on track to return to positive net flows in 2026.

He said: “In adviser, customer service has again improved, with net outflows in the quarter 50% better year-on-year. Our focus remains on returning to growth and achieving our 2026 net flows target.”

He added that Aberdeen’s transformation programme remains on track to deliver annualised savings of at least £150m by the end of this year.

The asset manager also re-affirmed its ambition to be the UK’s leading wealth and investments group, with targets of adjusted operating profit above £300m for 2026.