Quilter sees third quarter net inflows rise tenfold from 2020

The company reported today that its assets under management and administration, excluding the AuMA of Quilter International, which is due to complete by year-end, had reached £108.5bn by the end of September 2021, with year-to-date net inflows reaching £3.0bn, up from £1.1bn in 2021. Quilter said it expected its 2025 adjusted profit to be at least double the level achieved in 2020, due to a combination of reaffirming its 6% annual net flow target from 2022 onwards, while implementing a plan to reduce operating costs by about £45m by the end of 2024. The trading statement also detailed...