Quilter PLC - Swindon, England-based wealth management company - Reports first quarter gross sales of GBP3.8 billion, up from GBP3.3 billion a year prior. Net inflows increase to GBP1.2 billion from GBP500 million. Assets under management & administration jump 26% year-on-year to GBP119.9 billion at end March.
"I am delighted with the significant improvement in both our gross and net flows in the first quarter of 2021, with the UK business, excluding Quilter International, delivering annualised NCCF of 5% of opening AuMA. This has been led by our new Quilter Investment Platform which achieved record gross flows in March 2021, exceeding monthly sales of GBP1 billion for the first time," says Chief Executive Paul Feeney.
Current stock price: 164.45 pence
Year-to-date change: up 7.1%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Quilter (QLT)