Integrafin, parent company of adviser platform Transact, has reported funds under direction on the platform of £65.9bn for the three months to the end of March.

The figure was the same as the previous quarter but climbed 8% over the past year.

The group revealed the figures in its Q2 trading update published today. The company also reported a record average daily FUD of £67.1bn for the second quarter, up from £58.6bn over the same three months a year earlier. 

The update said net inflows to Transact were £1.2bn, up from £0.8bn in the first quarter of 2024. Net inflows represented 7.3% of opening FUD for the quarter annualised, the company said. The quarter also saw the platform's highest ever gross inflows of £2.7bn. 

There was growth year on year in the client base on the platform with 241,200 clients registered, up from 231,600.

Alex Scott, IHP group chief executive, said: "Average FUD on the platform continued to increase, the main driver of our revenue, despite significant changes in US economic policy creating headwinds in global financial markets.

"Due to our clients' diversified investments across multiple asset classes including equities, funds, bonds and cash, the impact of movements in global indices, both up and down, on FUD and revenue is dampened in comparison."

He said the business continues to monitor the developments in global equity markets in response to US economic policy and its potential impact on group revenue.

Last month, the Transact platform celebrated its 25th anniversary, he said. "Our strategic pillars of leading functionality and client service have been ever present in that time and will be key drivers of the success of the group over the coming years."

The Group will announce its results for the six months ended 31 March on 21 May.

Last month long-serving Transact CEO Jonathan Gunby retired and handed over to colleague and chief development officer Tom Dunbar.