Quilter has reported stable net inflows in Q3, placing the firm’s assets under management and administration (AUMA) close to pre-Covid levels.
In its third quarter trading statement, Quilter added £2.1bn to its AUMA to bring its total as at 30 September 2020 to £109.5bn, nearing the £110.4bn it recorded on 31 December 2019, of which net inflows contributed £100m, while market and other movements provided the remaining £2bn. Net flows across the firm's advice and wealth management businesses stagnated but grew AUMA by £800m thanks to market and other movements, while the wealth platforms contributed the total £100m of net inflows, and also enjoyed growth from market and other movements, contributing £1.6bn across the quarter. ...
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