Quilter assets jump 5% as net inflows into core business recover

Fourth-quarter results

Quilter's assets under management and administration grew 5% in the last quarter of 2023, as net inflows into its core business started to recover.

In a fourth-quarter trading update today (24 January), the wealth manager posted £175m core business inflows, which compared to just £1m worth of inflows in the third quarter.  Despite the increase, net inflows for the quarter were still significantly below the £242m gathered during the last quarter of 2022. Assets under management and administration increased by 5% to £106.7bn as of the end of December, with Quilter highlighting market recovery and net inflows as contributing factors. Quilter core inflows plummet to just £1m in Q3 Overall, net inflows as a percentage of AUMA fo...