Quilter posts profit as IFA channel drives new business surge

The firm's half-year results, which were published today (7 August), show assets under management rose to £113.8bn at the end of June, an increase of 7% compared to £106.7bn at the end of December 2023. This was fuelled by total net inflows of £1.5bn and positive market movements adding £5.6bn. Core gross inflows surged by 35% to £7.4bn compared to £5.5bn in the first half of 2023, with the second quarter outperforming the first. Profit after tax stood at £13m, up on £5m in the same period the prior year. "We delivered a strong performance in the first half of 2024, combining recor...