Quilter posts fall in Q4 AuM
Quilter
144.00p
16:34 13/11/24
-0.62%
-0.90p
Wealth manager Quilter reported a fall in fourth-quarter assets under management and administration as equity markets slowed.
Financial Services
16,554.54
17:14 13/11/24
0.49%
80.66
FTSE 250
20,359.21
17:14 13/11/24
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FTSE 350
4,434.70
17:14 13/11/24
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FTSE All-Share
4,392.88
16:44 13/11/24
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The company said assets under management at the end of December fell to £99.6bn from £111.8bn a year earlier, but up 3% quarter on quarter.
Net inflows £159m, down from £236m quarter on quarter and £950m a year earlier.
"Although net flows for 2022 were below the level we want to achieve, we finished the year on a solid note despite the usual seasonal slowdown towards the end of the quarter," said chief executive Steven Levin.
Reporting by Frank Prenesti for Sharecast.com