LONDON – Fund manager Quilter saw a strong final quarter of 2021, with improved year-on-year net flows, it said in a trading statement on Wednesday.
Assets under management reached 111.8 billion pounds ($151 billion) at the end of December 2021, up 13% from the previous year.
The fund manager, which became a standalone company after the break-up of Anglo-South African financial services firm Old Mutual in 2018, saw year-to-date net inflows of 4 billion pounds and fourth quarter net inflows of 1 billion pounds.
“2021 was a year which highlighted the strength of our advice-based model,” Quilter’s chief executive Paul Feeney said.
($1 = 0.7407 pounds)
(Reporting by Emma-Victoria Farr; editing by John O’Donnell)