|
Quilter PLC reported on Wednesday that it had delivered record net flows despite the Middle East conflict, boosting assets under management & administration. In a trading statement, the London-based wealth manager said assets under management & administration rose 19% to £141.9 billion as at March 31, from £119.6 billion at March 31, 2025, and were up 2.6% from £138.3 billion at December 31. Record reported net inflows of £3.0 billion were largely offset by market movements due to conflict in the Middle East around the quarter-end. Core net inflows totalled £3.06 billion in the first quarter, up 34% on-year from £2.28 billion. ‘The recovery in markets in recent weeks has led to a meaningful uplift in AuMA from the end March level,’ said Quilter, noting that is had demonstrated continued strong momentum across its business. ‘I’m really pleased with Quilter’s continued momentum in the first quarter of 2026, building upon our very strong end to 2025,’ Quilter Chief Executive Officer Steven Levin said. ‘We are mindful of the current geopolitical uncertainty,’ Levin said, adding: ‘Our advice-led philosophy is designed to support customers through all market conditions.’ Quilter CEO said the UK wealth market continues to offer ‘meaningful long-term secular growth opportunities’. Quilter shares rose 4.0% to 187.60 pence on Wednesday morning in London and were flat at R 40.15 in Johannesburg. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
