Quilter Investors' net flows declined during the third quarter compared to last year, while the wider group also reported a reduction in net flows amid a more "cautious approach" from clients.
In an update for the three months to 30 September 2018, Quilter reported net flows of £500m, down from £1.3bn in the same period last year. Quilter Investors also reported net flows of £500m, a decline from £900m in Q3 2017, a period when "market activity was significantly more buoyant". However, assets under management and administration (AUMA) for the firm climbed to £118.1bn despite "mixed global market performance", a rise from £109.6bn at the end of Q3 2017. Quilter CEO Feeney predicts 'higher trend' outflows amid fund manager resignations Paul Feeney, CEO of Quilter, com...
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