Quilter core business net inflows dropped to just £1m in the third quarter of 2023, compared to £324m a year earlier.
In a trading statement from the firm today (18 October), Quilter revealed the firm saw £118m in overall outflows throughout the quarter, which it attributed to one-off fund closures of about £200m in Q2. After adjusting for this, non-core net outflows were "consistent with the quarterly run-rate in the first half", it said. Quilter Investors creates investment strategist role Assets under management remained broadly unchanged throughout the quarter, at £101.4bn on 30 September, compared to £101.7bn at the end of June. Quilter's platform became the largest advised platform in...
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