Wealth manager Quilter has warned of a drop in assets under management (AUM) as it prepares its end of year results.
Based on preliminary figures, the firm expects full year assets under management (AUM) and under administration to be broadly similar to the Q3 2022 position of £96.9 billion.
However, this is a 13 percent decrease from £111.8 billion in December 2021.
The was due to positive net flows offset by adverse market movements, Quilter said.
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