Quilter maintains inflows amid 12% group AUMA decline

HNW flows up £100m

clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Management buy outs: Factors IFA business owners should consider

Management buy outs: Factors IFA business owners should consider

‘Properly structured, these arrangements can benefit everyone’

Helen Curtis
clock 13 June 2024 • 4 min read
Companies House changes IFAs need to know about

Companies House changes IFAs need to know about

'The current Companies House system is messy'

Helen Curtis
clock 11 June 2024 • 4 min read
All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 11 June 2024 • 1 min read