Liberum puts Quilter on 'Buy' list despite 11% drop in AUMA

'Attractive asset'

Investment bank Liberum has recommended Quilter as a 'Buy' following its mixed annual results.

In a note, Liberum analysts James Allen and Nick Anderson explained that despite the net outflows and decline in assets under management last year, they were reassured by the positive new flows for each quarter of 2022. Quilter sheds over £12bn in AUMA as market volatility hits performance Earlier this week, Quilter's 2022 annual results showed it had suffered a 55% decline in net flows year-on-year and saw its AUMA decline by £12bn. However, the Liberum analysts said Quilter had produced a positive quarterly result "despite market conditions" and that this "cannot be said for ever...