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.
Top UK Stocks to Watch: Rolls Royce cuts forecasts and warns of slower recovery
Joshua Warner January 26, 2021 9:42 AM
Rolls Royce shares take a nosedive after lowering expectations, JD Sports considers raising equity, PZ Cussons reveals its brands remain popular during the pandemic, and UDG Healthcare targets double-digit earnings growth. Share:
Top News: Rolls Royce lowers expectations and warns of £2 billion cash burn in 2021
Rolls Royce said it expects to report free cash outflow of around £2 billion in 2021 as the coronavirus pandemic continues to weigh on the airline industry, but said it has more than enough liquidity to weather the storm.