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

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,...