Platform services provider IntegraFin has announced plans for an IPO on the Main Market of the London Stock Exchange in March 2018.
It serves UK clients and their financial advisers through its award-winning platform, Transact.
The group was founded in April 1999 and launched the first UK adviser platform in March 2000. Since then, Transact has remained one of the UK's leading independent platforms with approximately £29.7 billion of funds under direction (FUD) as at 31 December 2017. Transact currently serves more than 150,000 clients on behalf of over 5,100 financial advisers.
The UK adviser platform market, in which Transact operates, has been growing strongly, delivering an overall CAGR of FUD of c.20% from 2011 to 2016.
For the financial year ended 30 September 2017, the group reported recurring revenue at 96% of total revenue, a 47% adjusted operating profit margin) and cash conversion in excess of 90%. Gross inflows of £5.3bn (48.6% higher than prior year). FUD increased by 13.5% and profits after tax by 44% to £29.9m.