Quilter's platform became the largest advised platform in the UK at the end of the second quarter, with gross inflows from the IFA channel onto the platform rising 20% compared to the year before.
In its third quarter trading statement, published today (18 October), Quilter revealed that the platform's gross inflows increased to £1.3bn compared to £1.1bn the year prior. The firm's productivity, measured by Quilter channel gross sales per adviser, rose by 23% over the last year, and now sits at £2.7m. Although the results revealed that there were modest outflows during Q3 due to "industry consolidation and higher client drawdowns". Within Quilter's high net worth segment, the firm said that clients' continued portfolio repositioning, which it attributed to the current macro e...
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