Firm ‘pleased’ with shareholder feedback and market reaction to sale of international arm
Financial services giant Quilter has experienced a significantly positive first quarter of 2021 with assets under management and administration (AuMA) soaring by 26% compared to the same period last year.
This also marks a 2% rise to nearly £120bn ($166bn, €138bn) from Q4 2020.
The growth was largely led by its investment platform, after completing its migration in February 2021, which reported a 29% increase in gross sale for the first three months of the year to £2.2bn, compared with £1.7bn in the same period in 2020.
The firm said this led to a 100% increase in net inflows to £1bn, from the £500m last year.