Quilter has posted core net inflows of £810m for the first quarter of 2024, taking assets under management and administration to £111.6bn.
In its Q1 results published today (24 April), the wealth manager noted inflows were nearly double the level of a year prior - £409m in Q1 2023 – while AuMA has risen by 5% since the end of 2023. Quilter adjusted profit for 2023 jumps 25% to £167m The biggest contributors to the increase in flows over the three-month period were the Quilter platform, gathering £1bn inflows (up 23%) and marking its highest level since 2018, and the IFA channel, which saw net inflows soar 400% to £432m, from £83m in the first quarter of last year. The high-net worth segment of the business followed su...
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