Abrdn  

Abrdn sells DFM arm in £140mn deal

Bird also said he projects 11 per cent growth for Interactive Investor over the next five years.

Last year, the direct-to-consumer platform brought in £114mn in net revenue, and £56mn in profit which was ahead of expectations.

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Inflows to the adviser platform totalled £1.6bn, while inflows to Interactive Investor totalled £3.6bn.

Now in the second year of its strategic plan, Bird said Abrdn was previously “spread far too thinly”, but that today it is “much more focused” with a healthy diversity of revenue streams.

ruby.hinchliffe@ft.com