Quilter results: Quilter Cheviot improves while Quilter Investors struggles

AuMA of £111.8bn

Quilter reported net inflows of £1bn for the final quarter of 2021, leading to a total assets under administration and advice of £111.8bn at the end of December, 13% higher than the end of 2020.

In the last three months of 2021, Quilter Cheviot, the discretionary wealth management business, had £282m of net flows, with total net flows for the year of £1.1bn and gross flows of £2.7bn. This is up significantly from the previous year when total net flows for the twelve months was just £264m and gross flows were £2.1bn. Paul Feeney, CEO Quilter, said he was "pleased with the significant year-on-year improvement" of this part of the business. Quilter Cheviot's David Miller brings four-decade career in wealth management to a close Meanwhile, Quilter Investors, the multi-asset...