Edinburgh-headquartered investment giant Aberdeen Group said in a third-quarter update on Wednesday its assets under management and administration (AUMA) rose 4% to £578.9 billion “reflecting positive markets and acquisitions.”
Aberdeen reported continued strong growth at its Manchester-based business interactive investor business, with Q3 net inflows of £2.5 billion, up 32% year-on-year, with year-to-date (YTD) net inflows of £9.3 billion — up 58%. Total customers were up 8% to 533k, with SIPP customers up 34%.
Aberdeen completed the transformative acquisition of Interactive Investor under former CEO Stephen Bird about four years ago.
Adviser AUMA of £84.5 billion were up 5% “with Q3 net outflows of £0.7bn” in line with Q2.
“The return to net inflows is taking longer than anticipated, with net outflows in Q3 of £0.7bn unchanged relative to Q2,” said Aberdeen.
“Within this, we saw gross inflows into Wrap of £1.4bn and continued net inflows into MPS.”
Assets under management (AUM) in Aberdeen’s Investments business were £393.2 billion (31 December 2025: £390.4bn) “with the year-to-date increase driven by positive markets and the acquisitions of Herald Investment Trust (£0.8bn) and the MFS closed end funds (£1.3bn).”
Aberdeen said: “Institutional and Retail Wealth (I&RW) net inflows excluding liquidity of £1.0bn (Q3 2025: £0.2bn) included net inflows of £0.9bn, £1.1bn and £0.8bn in fixed income, real assets and alternatives respectively.
“Encouraging trends in strategic focus areas, with real asset growth including positive inflows relating to our partnership with Border to Coast and rail infrastructure projects, and flows into commodity and precious metal ETFs within alternatives.
“Equities net outflows of £1.9bn (Q3 2025: £1.6bn net outflow) remained a headwind in Q3, although we have seen positive momentum and net inflows across our GEM income product range.
“Insurance Partners outflows of £2.5bn (Q3 2025: £1.1bn) largely reflect Standard Life’s heritage business in run-off.”
Aberdeen CEO Jason Windsor said: “In Q3 we have been firmly focused on delivering against our strategy, building on the progress already made.
“interactive investor’s strong growth has continued, with year-to-date net inflows of £9.3bn, customer numbers increasing to 533k, and year-on-year growth of 34% in SIPP customers. Customer engagement has also been strong, with trading activity well above last year’s average, albeit lower than the elevated levels earlier this year.
“In Adviser, net outflows of £0.7bn were in line with Q2. While returning to net inflows is taking longer than anticipated, we continue to take significant steps forward.
“The platform is performing well and we are confident the changes we are making will successfully position the business to meet the needs of the rapidly evolving IFA market.
“In Investments, our I&RW business delivered net inflows of £1.0bn ex-liquidity, with good momentum across key growth areas, including fixed income, real assets and alternatives.
“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 c.£300m.”