Quilter AUMA sheds 4% over the quarter despite net inflows

Market movements

James Baxter-Derrington
clock • 1 min read

Quilter assets under management and administration fell 4% over the three months to 31 March 2022, despite positive net flows.

The £1bn inflows were not enough to stem a £4.6bn reduction in AUMA caused by market movements, as the total fell to £107.2bn. Both the firm's affluent and high net worth segments fell in lockstep, although the IFA channel and non-core businesses performed considerably better on a flow basis across the Quilter platform compared to other platforms. Quilter chief executive officer Paul Feeney said that while flows across the first two months of the year were "comfortably ahead of the comparable period in 2021", the Russian invasion of Ukraine had dampened sentiment throughout March. ...

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

FCA admits there could have been better handling of name and shame proposals

FCA admits there could have been better handling of name and shame proposals

Update on proposals due next week

Sorin-Andrei Dojan
clock 13 November 2024 • 3 min read
Titan Wealth ex-employee faces trial over alleged harassment

Titan Wealth ex-employee faces trial over alleged harassment

Marian Okunola pleads not guilty to charges of harassment via emails

Sahar Nazir
clock 12 November 2024 • 1 min read
Campaign group calls on chancellor to address 'trust deficit' in financial services

Campaign group calls on chancellor to address 'trust deficit' in financial services

Ahead of Rachel Reeves’ Mansion House speech on 14 November

Isabel Baxter
clock 12 November 2024 • 3 min read