Quilter says positive market performance has offset client outflows
The British wealth manager says that assets under management in the nine months to end-September have risen
23 October 2019 - 08:58
London-based Quilter, Old Mutual’s former wealth management business, said assets under management rose 9% to £118.7bn (R2.2-trillion) in its nine months to end-September, boosted by a positive market performance.
The rise came despite pressure on client flows, the company said in a quarterly update, with sales in the three months to end-September falling 12%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.