Allfunds has reported assets under administration (AUA) on its platform climbed 13% year-on-year to a record €1,558bn (£1,300bn)
This was achieved via a combination of ‘sustained flows’ from existing clients of €29bn and record new client migrations of €73bn.
Market performance also contributed more than €93bn in this period, thanks largely to the strong rise in equities markets.
Revenue was up 16% to €632m, while adjusted earnings were €422m.
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The firm said this strong cash generation supports an increased dividend payout of €80m, and a new €250m share buyback.
Juan Alcaraz, chief executive and founder, said: “2024 was an extraordinary year for Allfunds, and I’m delighted that today we announce record AUA, record revenues and record profits. This growth underscores our innovation, resilience, and the trust placed in us by our clients and shareholders.
“It demonstrates that Allfunds is an essential part of the wealth ecosystem, thanks to the leading platform we have built that generates increasingly diversified revenue and exceptional cashflow,” he continued.
“We have taken strategic decisions to ensure Allfunds remains well positioned to take advantage of changing market dynamics over the long-term. Looking ahead, we have an exciting pipeline of solutions and products to meet the ever-evolving needs of our clients, continue to take market share, and drive sustainable growth.”
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