Investment platform IntegraFin reported record first-half inflows, but warned that geopolitical events would hit revenue.
Net inflows climbed to £2.68bn in the six months to March 31, from £2.31bn a year earlier. Funds under direction fell 1.9% quarter on quarter to £53.5bn.
“This is the result of unexpected, and continuing, geo-political events impacting stock markets. This has a corresponding impact on our revenue,” the company said.
“We are mindful of the challenging economic outlook and the impact of inflationary pressures on our cost base.”
