Quilter pre-tax profits up 28% to £138m in 2021

It reported net inflows of £4bn (2020:£1.5bn) representing 4% of opening AuMA, with "particularly strong" performance from the new Quilter Investment Platform with £3.5bn of net inflows, up 133% on the prior year. The business said assets under management and administration (AuMA) stood at £111.8bn at the end of December 2021, an increase of 13% on 2020 when they were £99bn. It said growth had been supported by improved net flows and positive market movement. It added it had an improved operating margin of 22% with growth in revenues of 10% and expenses of 5% given the "unusual operat...