Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 22, 2025

British wealth manager Quilter's managed assets rise on strong net inflows

(Reuters) -British wealth manager Quilter reported on Wednesday a rise in fourth-quarter managed assets, driven by nearly 2 billion pounds ($2.46 billion) in net inflows from its wealthy clients.

Despite concerns over the budget and its impact on investor sentiment in the UK, Quilter reported its strongest quarter of the year.

The money manager said new business momentum remained strong in its High Net Worth segment, while overall business was solid despite higher outflows in October 2024 ahead of the Labour government's budget.

The London-based company reported assets under management and administration of 119.4 billion pounds at the end of December, up from 116.2 billion pounds at the end of September.

($1 = 0.8121 pounds)

(Reporting by Yamini Kalia and Shashwat Awasthi in Bengaluru; Editing by Sherry Jacob-Phillips)

Recommended for you

  • Oil falls as Trump's plan to boost US oil output takes shape

  • Poland's Diagnostyka sets maximum price in IPO at 105 zlotys/shr

  • Barry Callebaut posts lower volumes amid soaring cocoa prices