Quilter reports 38% drop in flows; Unveils plans to improve margins and transform UK platform

'Optimisation' plans to reduce costs

Natalie Kenway
clock • 5 min read

Quilter has reported increased profits and improvement in operating margins for 2018 - the year it completed its managed separation from Old Mutual - but it was not immune from the investor exodus, reporting flows were down 38%.

In the firm's maiden results, for the year to 31 December 2018, net client cash flows (excluding Quilter Life Assurance) dropped to £4.7bn - down from £7.6bn the year before - while assets under management/administration (AUMA) declined 4% year-on-year to close 2018 at £109.3bn. Quilter noted, however, this was impacted by negative market performance, which knocked £7.8bn off the total figure. Net client cash flows for the advice and wealth management businesses was positive at £3.5bn but lower than the previous year where it was logged at £4.4bn, while the firm also noted the "disapp...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Bank of England slashes interest rates by 25bps to lowest level in 18 months
UK

Bank of England slashes interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 2 min read
Rathbones' Carl Stick: It is time to 'put up or shut up' if you want UK growth
UK

Rathbones' Carl Stick: It is time to 'put up or shut up' if you want UK growth

Many resisting change

Carl Stick
clock 06 February 2025 • 4 min read
Investors flock into US funds day after DeepSeek sell-off
UK

Investors flock into US funds day after DeepSeek sell-off

Calastone Fund Flow index

Linus Uhlig
clock 05 February 2025 • 3 min read
Trustpilot