Quilter maintains inflows amid 12% group AUMA decline

HNW flows up £100m

clock • 2 min read

Quilter reported net inflows of £1.4bn in the first half of 2022, down from £2bn over the same period last year, as assets under management and administration declined by 12%, according to the wealth firm’s interim results.

Net inflows from its high net worth segment, which includes advice business Quilter Private Clients, part of discretionary wealth management business Quilter Cheviot, were up slightly at £500m, compared to £400m a year prior. Investment platform net flows dipped to £1.6bn, down from £1.8bn last year in keeping with an industry-wide slowdown in new client flows during the second quarter of the financial year, while total AUMA declined 12%, from £111.8bn to £98.7bn, which the firm said was principally due to adverse market movements of £14.5bn. Quilter chief executive officer Paul Feene...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Companies

Hargreaves Lansdown's Derren Nathan: Companies best placed to absorb NI cost pressures

Hargreaves Lansdown's Derren Nathan: Companies best placed to absorb NI cost pressures

Following Rachel Reeves' Budget

Derren Nathan
clock 21 November 2024 • 4 min read
Liontrust profits sink by a further 28% as AUM continues to decline

Liontrust profits sink by a further 28% as AUM continues to decline

Job cuts of around 25 staff

Linus Uhlig
clock 21 November 2024 • 3 min read
Ninety One takes charge of £17.4bn Sanlam IM mandate

Ninety One takes charge of £17.4bn Sanlam IM mandate

Agreement for 15-year partnership

Linus Uhlig
clock 20 November 2024 • 2 min read
Trustpilot