Quilter reports 5% increase in AuMA to £111.6bn in Q1, driven by market sentiment and doubled net flows.

Quilter, a wealth management firm, reported a 5% rise in assets under management and administration (AuMA) to £111.6bn in Q1, driven by improved market sentiment. Net flows for the first quarter were double last year's level, with Quilter platform net inflows reaching £1bn and IFA channel net inflows surging over 400% to £423m. The highest level of platform net inflows since 2018 was achieved.