Quilter's assets under management and administration grew 5% in the last quarter of 2023, as net inflows into its core business started to recover.
In a fourth-quarter trading update today (24 January), the wealth manager posted £175m core business inflows, which compared to just £1m worth of inflows in the third quarter. Despite the increase, net inflows for the quarter were still significantly below the £242m gathered during the last quarter of 2022. Assets under management and administration increased by 5% to £106.7bn as of the end of December, with Quilter highlighting market recovery and net inflows as contributing factors. Overall, net inflows as a percentage of AUMA for the full year comprised 15% from the firm's high...
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