Quilter AuMA drops 2% to £96.9bn as net inflows slow

Third-quarter results released on 19 October

clock • 2 min read

Quilter’s assets under management and administration (AuMA) declined 2% in the three months to the end of September to £96.9bn as its net inflows slowed, it announced in its third-quarter results released today (19 October).

Net inflows were £0.2bn for the three months, down from £0.3bn in the second quarter and £1bn for the same period in 2021. The company noted that while the third quarter is "typically a seasonally slow quarter", this was "exacerbated by increasing market volatility and cost-of-living pressures". Gross flows were also hit, declining to £2.4bn for the quarter, compared to £3.25bn in the same period the previous year. The company noted that its high-net-worth segment of the business had "moderately lower gross flows" at £519m and "stable retention" leading to net flows of £222m for the q...

To continue reading this article...

Join Professional Adviser

  • 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 Companies

Benchmark seals deals with two more advisory firms

Benchmark seals deals with two more advisory firms

Bought 100% of Advison and 49% of Chartered Independent

Jenna Brown
clock 22 November 2022 • 2 min read
Woodhouse: “Sound financial advice is particularly highly valued in difficult macroeconomic conditions."

Evelyn confident in solid inflows and income despite £4bn AUMA drop

Wealth manager publishes third quarter trading update

Hope William-Smith
clock 07 November 2022 • 2 min read
SJP chief executive Andrew Croft

SJP reports £5bn drop in funds amid modest third quarter flows

Inflows offset by surrenders and investment loss

Kathleen Gallagher
clock 20 October 2022 • 1 min read