Declaración comercial de Quilter para el primer trimestre de 2024
24 de abril de 2024
quilter plc
Declaración comercial del primer trimestre de 2024
Quilter first quarter flows demonstrate continued strong business momentum
Aspectos destacados de Quilter plc:
· Group Assets under Management and Administration ("AuMA") of £111.6 billion at the end of March 2024 increased by 5% on 31 December 2023 levels. This reflected improved net inflows and higher equity markets, partially offset by rising bond yields in the quarter which reduced the market value of bond portfolios.
o Average AuMA for the first quarter of £108.3 billion was 6% ahead of the 2023 full year average of £102.1 billion.
· Core net inflows of £810 million were approximately double the prior year level (Q1 2023: £409 million) and represented 3% of opening AuMA on an annualised basis (Q1 2023: 2%).
o The Quilter channel delivered another strong quarter, with:
§ Q1 net inflows as an annualised percentage of opening AuMA of 20% in the High Net Worth segment and 12% in the Affluent segment.
§ Year-on-year increases in gross inflows of 57% in the High Net Worth segment and 16% in the Affluent segment.
o The strength of our Platform proposition continues to be evidenced by increased levels of new business:
§ Quilter channel gross and net flows onto the Platform increased by 25% and 23% respectively year-on-year.
§ IFA channel gross inflows onto the Platform increased by 41% on the comparable period, with net inflows increasing over 400% to £423 million (Q1 2023: £83 million).
§ Improved new business levels meant the Quilter Platform delivered net inflows of over £1.0 billion during Q1, the highest level achieved since early 2018, representing an annualised 6% of opening AuMA.
o In High Net Worth, despite outflows remaining elevated, in line with industry peers, the segment increased gross and net flows by 24% and 33% respectively versus first quarter 2023.
· First quarter non-core net outflows of £103 million were broadly consistent with the comparative period (Q1 2023: £96 million). After non-core net outflows, reported net inflows of £707 million represented 3% (annualised) of opening AuMA (Q1 2023: £313 million or 1%).
· Persistency levels in the quarter remained broadly stable at 90% in the High Net Worth segment and 89% in the Affluent segment.
· Productivity: Quilter channel annualised gross sales per Quilter Adviser were £3.3 million in the first quarter, up 22% on the comparable period.
Ongoing Adviser Charging: In our preliminary results announcement on 6 March 2024, we committed to undertake a review of historical data and practices across the Quilter Financial Planning Limited network of appointed representative firms ("AR Firms"). The purpose of this review is to determine if the AR Firms have met their ongoing servicing obligations to customers and, if not, remediate customers to the extent appropriate. Following discussion with the FCA, the review will be conducted by a skilled person. This is expected to commence shortly, and we will update the market on the outcome of the review in due course.
Quilter plc: tres meses finalizados el 31 de marzo de 2024 |
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Quilter plc, sin auditar | Q1 2024 | Q1 2023 |
AuMA: reportado (millones de libras esterlinas) | 111.6 | 101.9 |
De los cuales se administran en la plataforma del Reino Unido | 77.8 | 69.0 |
De los cuales se administran en plataformas externas | 6.8 | 7.8 |
de los cuales alto valor neto | 28.1 | 25.9 |
Flujo bruto: reportado (£m) | 3,646 | 2,824 |
Flujo neto: Core (£m) | 810 | 409 |
Flujo neto: reportado (£m) | 707 | 313 |
Productividad: ventas brutas del canal Quilter por Quilter Adviser (millones de libras esterlinas, anualizadas) | 3.3 | 2.7 |
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Steven Levin, director ejecutivo de Quilter plc, comentó:
"We are pleased to report that our first quarter net flows are running at double the level experienced last year, reflecting the momentum in our business, actions we have taken and tentative signs of improving market sentiment.
"The Quilter channel continues to drive strong flows in both our High Net Worth and Affluent segments. Our focus on broadening and deepening our business relationships is demonstrating clear results, with IFA and Quilter channel gross new business increasing by 34% and 21% respectively on the prior year.
"We are particularly pleased that our Platform achieved net flows of over £1 billion during the quarter, representing the strongest quarter for Platform net inflows during our time as a listed company. Moreover, a 41% year-on-year growth in first quarter gross new business from IFAs in the Affluent segment led to an over 400% increase in net inflows from IFAs onto the Quilter Platform in the quarter."
Consultas
Relaciones con los inversores:
John-Paul Crutchley +44 (0) 7741 385 251
Keilah Codd +44 (0) 7776 649 681
Medios de comunicación:
Tim Skelton-Smith +44 (0) 7824 145 076
Camarco:
Geoffrey Pelham-Lane +44 (0) 7733 124 226
Ben Woodford +44 (0) 7990 653 341
Secretario de la empresa:
Clare Barrett +44 (0) 7741 384 512
Acerca de Quilter plc
Quilter plc is a leading provider of financial advice, investments and wealth management, committed to being the UK's best wealth manager for clients and their advisers.
Quilter oversees £111.6 billion in customer investments as at 31 March 2024.
Tiene una oferta de asesores y clientes que abarca: asesoramiento financiero, plataformas de inversión, soluciones de inversión de activos múltiples y gestión de fondos discrecional.
El negocio se compone de dos segmentos: Afluente y Alto valor neto.
Afluente abarca los negocios de planificación financiera, Quilter Financial Planning, Quilter Investment Platform y Quilter Investors, el negocio de soluciones de inversión de activos múltiples.
Alto valor neto includes the discretionary fund management business, Quilter Cheviot, together with Quilter Cheviot Financial Planning.
Observación
This announcement may contain forward-looking statements with respect to certain Quilter plc's plans and its current goals and expectations relating to its future financial condition, performance, and results. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Quilter plc's control including amongst other things, international and global economic and business conditions, the implications and economic impact of the conflict in Ukraine and the Middle-East, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing and impact of other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation and other regulations in the jurisdictions in which Quilter plc and its affiliates operate. As a result, Quilter plc's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in Quilter plc's forward-looking statements.
Quilter plc no asume ninguna obligación de actualizar las declaraciones prospectivas contenidas en este anuncio o cualquier otra declaración prospectiva que pueda hacer.
Tablas de datos de Quilter plc para los tres meses finalizados el 31 de marzo de 2024 (miles de millones de libras) - sin auditar
Flujos brutos, flujos netos y AuMA (millones de libras) del tercer trimestre de 2024, no auditados | auma como en 31 diciembre 2023 | Bruto | Red flujos (£ m) | auma como en 2024 | De los cuales gestionados por Quilter AuM como en 31 marzo 2024 |
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SEGMENTO AFORTUNADO |
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Qcanal de filtro1 | 17.2 | 1,033 | 506 | 17.3 | 13.6 |
Canal IFA en Quilter Investment Platform | 58.7 | 1,833 | 423 | 62.0 | 11.6 |
Fondos a través de una plataforma de terceros | 1.6 | 90 | (141) | 1.9 | 1.9 |
Negocio principal del segmento afluente total | 77.5 | 2,956 | 788 | 81.2 | 27.1 |
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SEGMENTO DE ALTO PATRIMONIO NETO |
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Canal Quilter | 2.9 | 184 | 142 | 3.1 | 3.1 |
Canal IFA incl. Directo | 24.1 | 591 | (49) | 25.0 | 25.0 |
Segmento de alto valor neto total | 27.0 | 775 | 93 | 28.1 | 28.1 |
Activos duales entre segmentos2 | (1.1) | (109) | (71) | (1.1) | (0.3) |
Negocio principal de Quilter plc | 103.4 | 3,622 | 810 | 108.2 | 54.9 |
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No básico | 3.3 | 24 | (103) | 3.4 | 2.1 |
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Quilter plc informó | 106.7 | 3,646 | 707 | 111.6 | 57.0 |
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Desglose de AuMA adinerado (incluidos los no básicos): |
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Afluente administrado solamente | 53.2 | 1,675 | 512 | 55.4 | |
Afluente gestionado y administrado | 20.6 | 1,056 | 536 | 22.4 | |
Quilter Platform Sub-Total3 | 73.8 | 2,731 | 1,048 | 77.8 |
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Plataforma externa rica | 7.0 | 249 | (363) | 6.8 | |
Affluent Total (Including Non-core) | 80.8 | 2,980 | 685 | 84.6 | |
1 Quilter channel first quarter Platform discrete gross flows and net flows were £893m and £652m respectively, with closing AuMA of £14.5bn. 2 Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place. 3The Quilter Platform includes £5m of gross flows, £27m of net outflows and £1.3bn of closing AuA related to non-core assets.
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Tablas de datos de Quilter plc para los tres meses finalizados el 31 de marzo de 2023 (miles de millones de libras) - sin auditar
Flujos brutos, flujos netos y AuMA (millones de libras) del tercer trimestre de 2023, no auditados | auma como en 2022 | Bruto | Red flujos | auma como en 31 marzo 2023 | De los cuales gestionados por Quilter AuM como en 2023 |
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SEGMENTO AFORTUNADO |
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Qcanal de filtro1 | 15.4 | 887 | 437 | 15.7 | 12.0 |
Canal IFA en Quilter Investment Platform | 54.1 | 1,301 | 83 | 55.8 | 9.6 |
Fondos a través de una plataforma de terceros | 2.0 | 56 | (132) | 2.0 | 2.0 |
Negocio principal del segmento afluente total | 71.5 | 2,244 | 388 | 73.5 | 23.6 |
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SEGMENTO DE ALTO PATRIMONIO NETO |
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Canal Quilter | 2.4 | 117 | 84 | 2.5 | 2.5 |
Canal IFA incl. Directo | 23.1 | 510 | (14) | 23.4 | 23.4 |
Segmento de alto valor neto total | 25.5 | 627 | 70 | 25.9 | 25.9 |
Activos duales entre segmentos2 | (0.8) | (66) | (49) | (0.8) | (0.3) |
Negocio principal de Quilter plc | 96.2 | 2,805 | 409 | 98.6 | 49.2 |
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No básico | 3.4 | 19 | (96) | 3.3 | 2.1 |
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Quilter plc informó | 99.6 | 2,824 | 313 | 101.9 | 51.3 |
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Desglose de AuMA adinerado (incluidos los no básicos): |
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Afluente administrado solamente | 50.0 | 1,225 | 251 | 51.1 | |
Afluente gestionado y administrado | 17.0 | 792 | 340 | 17.9 | |
Quilter Platform Sub-Total3 | 67.0 | 2,017 | 591 | 69.0 |
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Plataforma externa rica | 7.9 | 246 | (299) | 7.8 | |
Affluent Total (Including Non-core) | 74.9 | 2,263 | 292 | 76.8 |
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1 Quilter channel first quarter Platform discrete gross flows and net flows were £715m and £529m respectively, with closing AuMA of £12.0bn. 2 Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place. 3The Quilter Platform includes £1m of gross flows, £21m of net outflows and £1.2bn of closing AuA related to non-core assets.
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