Quilter has warned of a 2025 revenues and profitability “headwind” should tariffs volatility continue, after it became the latest to report an assets under management and administration (AuMA) dip at the end of Q1.
In a trading statement published this morning (23 April), Quilter CEO Steven Levin said that he was "pleased" with the group's Q1 flow performance, which saw it report core net inflows up 181% on the prior year period representing 8% of opening assets under management and administration (AuMA). However, Levin added that Quilter's most recent AuMA estimate, as of 17 April, was around 3% below the Q1 end level. If sustained, this would "provide a headwind to 2025 revenues and profitability", he cautioned. "Market indices weakened during the first quarter, with the impact of this broadly...
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