Quilter adjusted profit for 2023 jumps 25% to £167m

Preliminary results for the year ended 31 December 2023

Jenna Brown
clock • 4 min read

Quilter’s adjusted profit before tax in 2023 increased by 25% to £167m compared to £134m in 2022, according to its preliminary results for the year ended 31 December.

Assets under management and administration (AuMA) were £106.7bn at 31 December 2023 and had increased by 7% over the year. It said this was mainly down to "supportive markets" into year-end with net flows making a "modest contribution". It also said core business net inflows of £832m (2022: £2,122 million) represented 1% of opening AuMA (2022: 2%). "This was supported by continued strong inflows into the Quilter channel with net outflows in the IFA channel, reflective of challenging market conditions," the results said. Chief executive Steven Levin said: "2023 was a year of strong ...

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 Companies

Investment platform TILLIT to shut down

Investment platform TILLIT to shut down

No new accounts can be opened and it will close on 12 September

Sorin Dojan
clock 26 June 2025 • 1 min read
First Wealth on hunt to acquire like-minded financial planning firms

First Wealth on hunt to acquire like-minded financial planning firms

Follows significant financial backing from Marlborough

Jenna Brown
clock 24 June 2025 • 5 min read
Openwork in growth push with partner firm Milecross acquisition

Openwork in growth push with partner firm Milecross acquisition

Makes first investment into one of its partner firms

Jenna Brown
clock 19 June 2025 • 2 min read