Group AUMA declined from £556.0bn at the end of December, with movements in the quarter also reflecting the divestment of its financial planning arm.

The group’s interactive investor platform was the standout performer, posting record net inflows of £3.0bn, up 88% year-on-year, while customer numbers rose 14% to 513,000 and daily average retail trades climbed around 21% on the prior quarter to 35,000. Platform assets dipped to £95.3bn from £97.5bn, as strong inflows were more than offset by weaker markets and the £3.6bn disposal impact.

In the Adviser division, net outflows held steady year-on-year at £0.6bn, with higher gross inflows offset by increased redemptions. AUMA fell to £78.6bn from £80.4bn. Aberdeen announced that Rich Denning would join as divisional chief executive in May, with a remit to return the business to growth.

The Investments arm saw AUM decline to £383.4bn from £390.4bn, driven by net outflows and adverse market movements. Outflows included around £4bn of previously flagged lower-margin equities withdrawals, partially offset by inflows into fixed income and real assets. Insurance Partners net flows improved markedly to flat, against outflows of £2.3bn a year earlier.

Chief executive Jason Windsor said the group had continued to deliver against its strategy “despite the backdrop of heightened geopolitical and market uncertainty”, and reaffirmed full-year targets of adjusted operating profit of at least £300m and net capital generation of approximately £300m. Aberdeen added that AUMA had since recovered to around £573bn as at 17 April.