Aberdeen Group PLC (LSE:ABDN) said on Wednesday that it remains fully committed to its financial year 2026 targets, despite mixed flows in the first quarter of 2025.
The investment group continues to aim for adjusted operating profit above £300 million and net capital generation of around £300 million.
Assets under management and administration dipped to £500.1 billion, reflecting market weakness and a large previously flagged redemption, but strong growth at interactive investor helped offset some of the drag.
The platform saw £1.6 billion in net inflows and a 9% year-on-year rise in customers to 450,000, including a 29% jump in higher-value SIPP accounts.
Adviser outflows of £600 million were the lowest in over a year as service levels improved.
Meanwhile, the Investments division saw £6.4 billion in outflows, largely due to a £4.2 billion low-margin mandate redemption.
April brought a boost with a £6 billion quant win, helping institutional flows turn positive year to date.
The shares opened 0.75% higher at 147.3p.