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"The decreases in net and gross flows quarter-on-quarter shouldn't be immediate cause for concern, chiefly being attributed to a combination of seasonality and no doubt some of the latent fallout of record flows towards the beginning of this year," said Steve Nelson, consulting director at the langcat.
Advised assets under administration (AUA) in the platform sector finished the quarter at £562bn, an increase of 2.99% on Q2, figures from the lang cat revealed.
Both gross and net flows for retail platforms may have fallen between the second and third quarter of 2021 but year-on-year figures show that the sector is in rude health, according to the consultancy....
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