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Quilter posts fall in Q4 AuM
(Sharecast News) - Wealth manager Quilter reported a fall in fourth-quarter assets under management and administration as equity markets slowed.
The company said assets under management at the end of December fell to £99.6bn from £111.8bn a year earlier, but up 3% quarter on quarter.
Net inflows £159m, down from £236m quarter on quarter and £950m a year earlier.
"Although net flows for 2022 were below the level we want to achieve, we finished the year on a solid note despite the usual seasonal slowdown towards the end of the quarter," said chief executive Steven Levin.
Reporting by Frank Prenesti for Sharecast.com
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