Quilter sees 164% increase in core net inflows in H1 2024
Company also achieved a 28% increase in adjusted profit
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
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030
Jump of 44% on the inflows through the same route a year ago
Total customers rose 12% in the year to reach 484,000
BM Investment Solutions offering for advisers contributed to 7.3% rise