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Quilter Cheviot shakes off departing IMs saga as net flows stabilise

News Team, 21/10/2020

Quilter’s wealth and advice businesses experienced stagnant but stable net flows in the third quarter, with assets under management boosted by positive market movements.

Quilter Cheviot and Quilter Investors brought in £1.6 billion in new client money over the quarter, though this was equalled by the same amount in gross outflows, including £31 million relating to the departure of a team who left in 2019 for Vermeer Partners. Outflows relating to this team were dwindling, however, down from £615 million in the third quarter...


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