Quilter AUMA sheds 4% over the quarter despite net inflows

Quilter assets under management and administration fell 4% over the three months to 31 March 2022, despite positive net flows. The £1bn inflows was not enough to stem £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 Cheviot's David Miller brings four-decade career in wealth management to a close Quilter chief executiv...