Quilter's net inflows rise as clients seek advice in turbulent markets

Quilter Sees Net Inflows Surge as Clients Seek Financial Advice in Volatile Markets

Quilter's Third-Quarter Performance and Market Drivers

Rising Net Inflows Amid Market Volatility

Oct 21 (Reuters) - British asset manager Quilter reported a rise in third-quarter net inflows on Wednesday, as geopolitical uncertainty and unpredictable markets drove demand for financial advice and boosted client trading activity.

Core Net Inflows and Client Segments

• Quilter, which caters to affluent customers, reported core net inflows of £2.9 billion ($3.88 billion) for the three months ended September 30, up from £2.2 billion a year earlier

Impact of Geopolitical Events

• Heightened uncertainty caused by the Iran war and a global bond market rout increased demand for financial advisers

High-Net-Worth Client Growth

• High-net-worth net inflows increased 35% from a year earlier

Assets Under Management and Administration

• Assets under management and administration increased 19% from a year earlier to £160.5 billion for the wealth manager, which provides financial advice and allows clients to invest on its platform

($1 = 0.7480 pounds)

(Reporting by Simone Lobo in Bengaluru; Editing by Subhranshu Sahu)