Quilter sheds over £12bn in AUMA as market volatility hits performance

Lowers fees for Cirilium portfolios

Quilter’s assets under management and administration saw a sharp fall in 2022, as market volatility hit investment performance and investor sentiment soured following Russia’s invasion of Ukraine.

According to the group's annual report to December 2022, AUMA fell by 11% from 2021, resulting in a £12.2bn drop to £99.6bn. This was mainly due to the fall of global equity and bond indices, leading to £14bn in assets lost to market volatility.  Flows remained positive over the period, although below Quilter's targets. Net inflows of £1.8bn for the year were 55% lower than the prior year. This includes the net outflows from assets on third-party platforms of £1.1bn, up from £600m in 2021. Gross flows were 20% lower than the prior year at £10.5bn, primarily driven by smaller flows int...