Adjusted pre-tax profit in Quilter's high net worth (HNW) divisions - Quilter Cheviot and Quilter Financial Planning - dropped by 8.9 percent, from £45 million in 2022 to £41 million for the full year 2023.
The firm said the dip reflected business investment through new adviser and investment manager hires.
Total net revenue in the HNW segment was broadly unchanged at £211 million, compared to last year's £212 million, a 0.5 percent decrease.
Net management fees, w...
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