Wealthtech firm Allfunds has reported a 17.9 per cent year-on-year jump in its total assets under administration (AuA).

The group’s total AuA now stand at €1.7trn, which is also a 12.1 per cent rise since December 2024.

Allfunds, a wealthtech platform which offers integrated wealth management platform solutions for distributors and fund management partners, was releasing a trading update for the Q3 period to 30 September.

Platform service AuA rose by 18.0% year-on-year to €1.2bn, which Allfunds said was driven by strong net flows from both new and existing clients.

The company reported net flows of €31.7bn in Q3, an increase of 24.4 per cent on the same period last year. Through the first nine months of the year, Allfunds’ net flows now total €85.8bn, a significant rise compared to €48.8bn during the same period last year.

Allfunds CEO, Annabel Spring, said: “We are pleased with this quarter’s strong operating performance, which underscores the momentum of our platform and the strength of our business.

“Total AuA grew 17.9 per cent year-on-year, reaching €1.7trn driven by robust markets, net flows from existing clients, and successful migrations.

“Structural revenue growth remains solid at 11 per cent year-on-year. We have continued to onboard distributors and fund houses at pace, expanding our global reach and reinforcing our comprehensive fund offering.”

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