Stock market gains balloon Quilter’s assets to £110.4bn
The British wealth manager says that assets under management at the end of December were up 13% from the year before
29 January 2020 - 10:21
London-based Quilter, Old Mutual’s former wealth management business, said on Wednesday that stock market gains helped it grow assets under management 13% to £110.4bn during its year to end-December.
The group’s share price rose by a third in 2019, with CEO Paul Feeney saying it has had annual net client cash inflow of £300m for the year, excluding Quilter Life Insurance, reflecting a turnaround during the company’s fourth quarter...
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