The figure for the preceding nine months is up 12% to £4.15bn from £3.7bn. Gross inflow were up 20% in the quarter and up 16% for the nine months to £6.72bn.
The latest flows have brought total FUM to £54.5bn, up from £49.1bn at the same point last year. The firm also reported retention of client funds is at 95%.
Shares in the company were 6.8p up by late morning to 937p.
“Despite the volatility across global stock markets during the third quarter of 2015, our business sustained strong growth momentum,” said chief executive David Bellamy.
“Following the implementation of arguably the biggest changes to retirement options in a generation, our partners have understandably been particularly active in helping clients to fully understand the more flexible, often complex, options available in respect of their retirement funds so that they may decide which best suits their immediate and future financial objectives,” Bellamy added.
Brokers Numis gave the results a cool reception however as it had forecast similar numbers, and therefore maintained a hold recommendation. “FUM at £54.5bn was 1% better than our £53.8bn estimate and in line with consensus at £54.3bn,” the firm said. “Net inflows at £1.5bn were slightly ahead of our £1.3bn estimate and consensus £1.4bn, in part reflecting activity driven by the new pensions reforms. The company says it is confident that it will continue to grow in line with its objectives both this year and beyond. We do not anticipate making any major changes to our forecasts, other than marking to market.”
