Quilter reported net inflows of £1.4bn in the first half of 2022, down from £2bn during the same time last year, as assets under management and administration declined by 12%, according to the wealth firm’s interim results.
Net inflows from its high net worth segment, which includes advice business Quilter Private Clients, part of discretionary wealth management business Quilter Cheviot, were up slightly at £500m, compared to £400m a year prior. Investment platform net flows dipped to £1.6bn, down from £1.8bn last year in keeping with an industry-wide slowdown in new client flows during the second quarter of the financial year, while total AUMA declined 12%, from £111.8bn to £98.7bn, which the firm said was principally due to adverse market movements of £14.5bn. Quilter chief executive officer Paul Feene...
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