Platform provider Transact has boosted its funds, according to its latest set of figures.
Parent company, IntegraFin Holdings, today announced Transact’s quarterly funds under direction update, which revealed rises on the last quarter and year-on-year.
On 31 March 2018 funds under direction totalled £29.75bn, representing an increase of 0.1% over the quarter and 6.5% increase over the year end.
Net flows also increased to £1.1bn, from £1bn in 2017.
Over the quarter the FTSE All Share Index decreased by 7.8% and the MSCI World Index decreased by 5.2%.
Ian Taylor, CEO, said: “I’m pleased to report a solid funds under direction update.
“Despite the return of higher equity market volatility, Transact has achieved good levels of inflows of client assets, demonstrating the strength and resilience of the business.”
The Company expects to announce half year results on 18 May.
