abrdn plc (OTCPK:SLFPF) Q4 2024 Earnings Conference Call January 21, 2025 3:30 AM ET
Company Participants
Jason Windsor - Chief Executive Officer
Conference Call Participants
Nicholas Herman - Citi
Mandeep Jagpal - RBC Capital Markets
Hubert Lam - Bank of America
Enrico Bolzoni - JPMorgan
Greg Simpson - BNP Paribas
David McCann - Deutsche Numis
Michael Werner - UBS
Charles Bendit - Redburn Atlantic
Steven Haywood - HSBC
Operator
Good morning, and welcome to the abrdn Q4 AUMA and Flows Trading Update. I will now hand over to Jason Windsor, CEO. Please go ahead.
Jason Windsor
Good morning, everybody, and thank you very much for joining our call this morning. I'm joined in the room this morning by Ian Jenkins, Interim CFO. Let me start by walking through the key points of today's statement. At the end of December, AUMA was £511 billion, up 1% in the quarter and 3% for the full year. As it has done throughout 2024, interactive investor delivered strong organic growth in Q4.
In the year as a whole, customer numbers are up 8% to 439,000. In Investments, we saw a net inflow in the quarter, including £2.3 billion in Institutional & Retail Wealth, IRW, driven by alts, quants and liquidity. And in Adviser, AUMA was flat in the quarter, with positive markets offsetting outflows.
Returning to net inflows remains our top priority for this business. One year ago, we announced an ambitious transformation program to create a stronger and more efficient group. And I'm encouraged by the progress we made in 2024. We've achieved just over £100 million of run rate savings, and we remain on track to deliver our target of at least £150 million of annualized savings by the end of 2025.
A return to group inflows in Q4 capped a substantial
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