Financial services company IFG Group has said it continues to trade in line with expectations and there is no change to its outlook.
IFG Group is holding its AGM today at which shareholders are due to vote on the proposed sale of the company to UK private equity firm Epiris Funds.
The deal, first announced in March, values IFG Group at 193 pence per share and sees the firm being taken over by a wholly-owned indirect subsidiary of Epiris.
IFG, which offers financial solutions through its UK-based units James Hay Partnership and Saunderson House, said the deal follows a comprehensive review of the many options available to it under its new management team.
In a trading update issued ahead of its AGM, IFG's chief executive Kathryn Purves said that James Hay now serves almost 59,000 customers, up 0.21% on the same time last year.
Assets under administration at the end of March stood at £26.1 billion, an increase of 2.8% on the same time last year.
Positive market movements of £0.6 billion during the quarter offset the adverse market movements experienced in the final quarter of 2018, the CEO noted.
Meanwhile, Saunderson House achieved 63 new client wins across both advisory and discretionary management services in the three month period under review.
It now serves 2,385 clients, up 7.7% from March last year, while assets under advice at the end of March stood at £5.1 billion - in line with the same time last year.
