IntegraFin Holdings, parent company of adviser platform Transact, has today reported a record £85.5bn in funds under direction at the end of the third quarter, up 23% year-on-year.
It said the increase was driven by market gains and consistent net inflows of £1bn.
Gross inflows were £2.6bn for the three months ending on 30 June, while average daily funds under direction during the period hit a record £82.8bn, up 24% year-on-year from £66.8bn in the same quarter in 2025.
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Net inflows to the Transact platform of £1bn in the third quarter were down from £1.2bn in the third quarter of 2025. The firm pointed out it was the sixth consecutive quarter with net inflows above £1bn.
Transact platform reporting for Q3 FY26:
£m | Quarter ended 30 June 2026 | Quarter ended 30 June 2025 | Financial year to date 30 June 2026 | Financial year to date 30 June 2025 |
Opening FUD | 77,768 | 65,896 | 74,173 | 64,065 |
Inflows | 2,596 | 2,482 | 8,615 | 7,592 |
Outflows | -1,589 | -1,271 | -5,246 | -4,252 |
Net flows | 1,007 | 1,211 | 3,369 | 3,340 |
Market and other movements(1) | 6,731 | 2,430 | 7,964 | 2,132 |
Closing FUD | 85,506 | 69,537 | 85,506 | 69,537 |
Average daily FUD for the period | 82,803 | 66,847 | 79,239 | 66,479 |
Number of platform clients | 256,796 | 244,734 | 256,796 | 244,734 |
Notes:(1) Includes fees, taxes, investment income and investment returns. Source: Transact
The company said its in-house onshore and offshore bond wrappers, “are increasingly important for Financial Planning as advisers and clients navigate the changing tax environment, as pensions become included within the estate for Inheritance Tax from April 2027.”
It said total underlying administrative expense growth is expected to slow to around 3% in each of 2026 and 2027 as a result of cost management initiatives and operational efficiencies.
Alex Scott, IHP group chief executive officer, said: "The Transact platform continues to deliver strong net inflows, driven by high levels of transfers in from other providers, as well as additional contributions from new and existing clients.”
He said the net inflows of £1bn in the third quarter of the financial year were “strong”, despite an uncertain macroeconomic backdrop and the pre-tax year-end period being concentrated in the previous quarter.
He said the firm added more than 2,000 net new clients in the period.
Mr Scott added: “We remain highly confident in the ability of our distinctive client- and adviser-focused proposition to drive value and attract new business. As we implement efficiencies and operational leverage across the group, we expect to deliver strong, sustainable earnings growth."