AUM up 4% in Q2 on advised platforms - the lang cat

Net sales down 56%

Hannah Godfrey
clock • 2 min read

Total assets under administration (AUA) on advised platforms increased by 4.4% in Q2 2019, data from the lang cat has found.

AUA on advised platforms stood at £531.42bn in Q2, up more than 4% from £509.21bn at the end of Q1. Stripping out assets from institution, direct and other channels to market, the lang cat's analysis found advised assets under management (AUM) grew by 4.5% in Q2, increasing to £418.35bn from £400.47bn in Q1. Gross flows also increased, rising by nearly 12% for all channels to £23.71bn in Q2 from £21.18bn in Q1, and nearly 3% for the advised market to £14.21bn from £13.81. Net flows, however, were down, with a reduction of 13.3% for all channels, to £4.98bn in Q2 from £5.75bn in Q1,...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read
Bravura returns to profitability in H1 amid business 'reset'

Bravura returns to profitability in H1 amid business 'reset'

Platform technology provider gross revenues up 7.4% in first half

Jenna Brown
clock 20 February 2024 • 1 min read
So far, so bleak: Incumbent platforms' miserable year

So far, so bleak: Incumbent platforms' miserable year

'There are firms that are trying to buck the trend'

Alex Cowan-Sanluis
clock 14 February 2024 • 4 min read