Quilter reports £4.5bn core net inflows and adviser growth

The firm's advised platform attracted £4.2bn in net inflows, a 92% increase on the same period last year. Platform assets under administration now stand at £92.0bn, up 8% since year-end. The group reported adjusted profit before tax of £100m, up 3% from £97m a year earlier. Revenues rose 2% to £337m, while the operating margin improved to 30%, the results showed. "Platforms help advisers meet the demands of Consumer Duty by allowing them to focus on the advice relationship, while outsourcing investment management to managed portfolio solutions," Quilter CEO Steven Levin said. The n...