Quilter sees ‘meaningful pick up’ in platform sales
By
Katey Pigden
21
Paul Feeney
Quilter has reported “significantly improved” net flows, led by its investment platform, which recently welcomed remaining advisers onto the new system after an epic replatforming journey.
In a trading statement this morning for the first quarter of 2021, Quilter revealed its platform delivered a 29% increase in gross sales of £2.2bn for the quarter.
The firm had £119.9bn of assets under management and administration (AUMA) at the end of March, up 26% from last year.
Results also show first quarter gross sales of £3.8bn and net inflows of £1.2bn, which Quilter says is a 240% increase on the first quarter of 2020.