Liontrust suffers £1.1bn outflows in latest quarter
Total outflows increased to £2.1bn in the first half of its financial year
Total outflows increased to £2.1bn in the first half of its financial year
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
The firm supplies UK investment platforms including Fidelity International’s
Adjusted earnings up 18.3% to to £103.9m
The fees involved with merging its investment management and capital divisions proved costly, weighing on its half-year results
Company also achieved a 28% increase in adjusted profit
The firm brought 27,000 people on board during the six months
It gained £300m in new money during the first quarter, down from £700m at the start of 2023
Review of appointed representative firms to commence shortly
Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop
Assets under management stand at £17.6bn
Quilter also announced adviser school overhaul and rebrand