Funds

Funds

Analysts buoyant despite drop in Transact assets

Negative market movements pushed Transact’s funds under direction down in value by 4 per cent, despite net inflows.The company’s underlying profits were slightly head of analysts’ expectations, rising 1 per cent to £65.8mn, with the consensus forecast at £63mn.The platform’s adviser base rose 5 per cent to 7,500 registered advisers, and the number of clients on the platform rose 8 per cent to 225,000. Transact has continued to attract new advisers…this is a key indicator for future flows Peel HuntIntegraFin’s total revenue rose 8 per cent to £133.6mn, with pre-tax...
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