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IHP Group quarterly update - Q3 of FY 2022
IHP Group quarterly update - Q3 of FY 2022.
About this update from Integrafin Holdings Plc
[{"type":"text","content":"\n \n \n LEI Number: 213800CYIZKXK9PQYE87\n \n \n \n \n \n \n \n \n \n \n \n \n IHP Group quarterly update - Q3 of financial year 2022\n \n \n \n \n \n \n 19 July 2022\n \n \n \n \n \n \n \n \n \n Headlines\n \n \n \n \n \n \n · \n Our gross inflows for the quarter were £1.7bn and our net inflows over the same period were £1.0bn. Furthermore, our gross inflows and net inflows for the financial year to date remain ahead of the prior year comparative. This is a solid performance, considering the economic and market headwinds in 2022.\n \n \n \n \n \n · \n The average daily funds under direction ('FUD') for the quarter was £51.9bn, this was lower than both Q1 and Q2 of financial year 2022, due to the adverse impact of market movements.\n \n \n \n \n \n · \n The rate at which new clients and advisers are joining the platform remains consistently strong and provides a solid basis for ongoing platform growth.\n \n \n \n \n \n · \n In this quarterly update we also provide cost guidance, including further information on the phasing of the investment in additional IT and software development staff that we announced at our FY22 half year reporting.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Quarter ended\n \n \n \n \n Quarter ended\n \n \n \n \n Financial year\n \n \n to date\n \n \n \n \n Financial year\n \n \n to date\n \n \n \n \n \n \n \n \n \n \n \n \n \n 30 June 2022\n \n \n \n \n 30 June 2021\n \n \n \n \n 30 June 2022\n \n \n \n \n 30 June 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n \n \n Opening FUD\n \n \n \n \n 53,500\n \n \n \n \n 46,929\n \n \n \n \n 52,112\n \n \n \n \n 41,093\n \n \n \n \n \n \n Inflows\n \n \n \n \n 1,703\n \n \n \n \n 1,994\n \n \n \n \n 5,770\n \n \n \n \n 5,728\n \n \n \n \n \n \n Outflows\n \n \n \n \n -703\n \n \n \n \n -657\n \n \n \n \n -2,089\n \n \n \n \n -2,084\n \n \n \n \n \n \n Net Flows\n \n \n \n \n 1,000\n \n \n \n \n 1,337\n \n \n \n \n 3,681\n \n \n \n \n 3,644\n \n \n \n \n \n \n Market movements\n \n \n \n \n -4,152\n \n \n \n \n 2,112\n \n \n \n \n -5,321\n \n \n \n \n 5,744\n ...