Quilter has reported stable net inflows in Q3, placing the firm's assets under management and administration (AUMA) close to pre-Covid levels.
In its third quarter trading statement, Quilter added £2.1bn to its AUMA to bring its total as at 30 September 2020 to £109.5bn, nearing the £110.4bn it recorded on 31 December 2019, of which net inflows contributed £100m, while market and other movements provided the remaining £2bn. Quilter Cheviot expands investment management team Net flows across the firm's advice and wealth management businesses stagnated but grew AUMA by £800m thanks to market and other movements, while the wealth platforms contributed the total £100m of net inflows, and also enjoyed growth from market and other...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
