Quilter’s assets under management and administration (AUMA) rose 2.0 percent in Q1 2023.

In a trading update, the wealth manager reported an AUMA increase to £101.9 billion in the three months to 31 March 2023.

However, this is a 4.94 percent decrease from the £107.2 billion reported a year earlier.

Its high net worth (HNW) assets fell 5.82 percent year on year from £27.5 billion to £25.9 billion.

Q1 did show some signs of recovery though....