Quilter assets jump 5% as net inflows into core business recover

CEO Steven Levin said 2023 had been a 'tough year' for the industry

Cristian Angeloni
clock • 1 min read

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...

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 profession

PA360: Advisers urged to harness TikTok as attention spans decline

PA360: Advisers urged to harness TikTok as attention spans decline

'I can see attention spans massively decreasing in the next few years’

Sahar Nazir
clock 26 April 2024 • 1 min read
PA360: Firms must ditch shortcuts to 'organically build team culture'

PA360: Firms must ditch shortcuts to 'organically build team culture'

Firms urged to ‘take time and understand what matters to advisers’

Sahar Nazir
clock 26 April 2024 • 2 min read
Feel Good Friday: Belmayne donates hi-vis vests to primary school

Feel Good Friday: Belmayne donates hi-vis vests to primary school

To help improve the safety of Bradway Primary School’s youngest pupils

Professional Adviser
clock 26 April 2024 • 1 min read