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...