Aberdeen Group Plc (ABDN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining Aberdeen's results presentation for the first half of 2025. I'm here today with Siobhan Boylan, our very new Group CFO who only joined us last week. Siobhan brings us over 30 years of experience in financial services and I'm delighted to welcome her to Aberdeen. Okay, let me get into the results presentation. I'm going to kick us off with an overview of the group's strategic and operational progress in the first half. I will then hand over to Siobhan who will get us into more detail on financial performance and comment on the outlook. And we'll follow up with Q&A. Let me start with a reminder of the group's ambition. As I set out in March, our ambition is to be the UK's leading wealth and investments group. We're starting from a strong base. Both of our wealth businesses, Interactive Investor and Aberdeen Advisor, offer long-term savings and investments to UK customers. This market has excellent long-term growth potential, driven by the UK population's clear need for great value savings, retirement and investment propositions. II was the number one by flows in the UK direct-to-consumer market last year. And after another strong performance in H1, II now serves over 460,000 customers. II's excellent service and exceptional value for customers is at the heart of its continued success. Advisor is the second largest platform and serves around half of the UK's advice firms. and around 400,000 end customers. We have taken the necessary decision to reprice to ensure Advisor is competitive. And with service levels now restored and getting better, and with the platform working well, we've set the conditions for Advisor to return to growth. Our investments business operates worldwide with AUM of £368 billion and has many talented individu...