Quilter plc announced net inflows of £4bn for 2021, up from £1.5bn in the previous year, which it said was predominantly driven by its new investment platform. However, Paul Feeney, CEO of Quilter, warned of “difficult times” with “significant geopolitical tensions” at the heart of their concerns.
The platform saw record net inflows of £3.5bn. However, this was offset by £600m reduction in Quilter Investors assets in relation to "legacy and closed books of business" the company said. Net inflows to Quilter Investors, the firm's multi-asset business, was £500m for the year, up 67%, primarily driven by an £800m decrease in gross outflows from Cirilium Active "due to improved fund performance". However, this was offset by reduced gross flows to Cirilium Passive, Cirilium Blend and the Income range. Quilter Cheviot, the firm's wealth manager, had net inflows of £1.1bn. Quilter...
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