No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Aberdeen posted a rise in third-quarter assets under management and administration on Wednesday, reflecting positive markets and acquisitions.
AUMA rose 4% from the previous quarter to £578.9bn. Aberdeen hailed continued strong growth in Interactive Investor, with Q3 net inflows up 32% year-on-year to £2.5bn, while year-to-date net inflows rose 58% to £9.3bn.
Total customers at ii were up 8% to 533,000 and SIPP customers rose 34% to 131,000. Customer engagement has also been strong, the company said, with trading activity well above last year's average, albeit lower than the elevated levels earlier this year.
In the adviser segment, net flows "remained challenging", Aberdeen said, with net outflows in Q3 unchanged relative to Q2 at £0.7bn and the return to net inflows taking longer than anticipated.
Chief executive Jason Windsor said: "In Q3 we have been firmly focused on delivering against our strategy, building on the progress already made.
"With positive momentum across the group, we remain confident in delivering our FY 2026 Group targets of adjusted operating profit of at least £300m and net capital generation of circa £300m."
At 1025 BST, the shares were down 3.6% at 226.60p.
See latest RNS on Sharecast
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.