Integrafin (IHP) reported a decline in the rate of net inflows attracted during the year to September 2019, which it blamed on political, economic and regulatory instability.
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The platform provider benefited from £1.2bn in market gains, which boosted funds under direction by 14 per cent to £37.7bn during the financial year. The increased scale meant the adjusted operating margin rose to 49.0 per cent, from 47.5 per cent in the previous year. The dividend for the year came in at 7.8p, up a fifth on 2018. Chief executive Ian Taylor is also due to step down and be replaced by chief financial officer Alex Scott.
