Quilter’s high net worth operations, which include advice business Quilter Private Client Advisers (QPCA), recorded £400m less in inflows for the first half of the year compares with H1 2022, results show.
Interim results for Quilter, published today (8 August), show £100m in net inflows for January to June, compared with £500m in the same period last year. Gross inflows in the high net worth segment were £1.2bn, 8% lower than the £1.3bn in first half of 2022 which the firm said reflects lower market activity. Meanwhile, Quilter confirmed it saw "stabilisation" in its restricted adviser headcount, which increased by nine financial planners on December 2022 levels. Annualised gross flow per adviser was £2.7m in H1 compared to £2.4m in H1 2022. The firm also increased the assets its...
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