Quilter’s adjusted profit before tax (PBT) hit an all-time high of £196m, according to its annual results released today (5 March).
This marked a 17% increase from 2023, when that figure stood at £167m. The higher PBT was driven by an increase in the firm's average assets under management and administration (AUMA), supported by strong net inflows hitting £4.8bn - up from around £100m in 2023 - and positive market performance. According to Quilter, total AUMA increased by 12% from the previous year, reaching £119.4bn. Quilter net inflows jump to £4.8bn backed by flows in affluent segment and IFA channel Meanwhile, core net inflows reached a record £5.2bn and represented 5% of opening AUMA, with incrementally...
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