Quilter’s assets under management and administration declined 2% in the three months to the end of September to £96.9bn as its net inflows slowed, it announced in its third quarter results released today (19 October).
Net inflows were £0.2bn for the three months, down from £0.3bn in the second quarter and £1bn for the same period in 2021. The company noted that while the third quarter is "typically a seasonally slow quarter", this was "exacerbated by increasing market volatility and cost-of-living pressures". Gross flows were also hit, declining to £2.4bn for the quarter, compared to £3.25bn in the same period the previous year. BlackRock AUM drops below $8trn The company noted that its high-net-worth segment of the business had "moderately lower gross flows" at £519m and "stable retention" lead...
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