Quilter reports steady third quarter

Pedro Gonçalves
clock • 2 min read

Quilter reported a "steady" third quarter with improved year-to-date net inflows despite a "more challenging market backdrop". In its third quarter trading statement, Quilter added £2.1bn to its AUMA to bring its total as at 30 September 2020 to £109.5bn, nearing the £110.4bn it recorded on 31 December 2019, of which net inflows contributed £100m, while market and other movements provided the remaining £2bn. ‘As expected, third quarter net-flows were seasonally weaker than the first half of the year due to the Covid-19 induced economic slowdown, our planned platform migration in the f...

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