UK's Quilter posts record first-quarter inflows amid market recovery (updated)
22/04/2026 08:20
Adds details from statements, background throughout April 22 (Reuters) - British wealth manager Quilter QLT.L on Wednesday reported record first‑quarter inflows of 3.1 billion pounds ($4.19 billion), aided by steady client demand and a recent market recovery, largely offsetting the impact of tensions in the Middle East. The Middle East war has driven investors to seek more active financial advice, boosting demand for wealth management services and supporting net inflows at firms such as Quilter, as clients look for reassurance and selective investment opportunities. In contrast, rival Liontrust Asset Management LIO.L on Wednesday posted net outflows of 836 million pounds for the three months ended March 31, above expectations of 707 million pounds, according to RBC Capital Markets analysts. Robust adviser and platform demand have shielded Quilter from Iran war-driven market volatility, but specialized active fund managers like Liontrust are more vulnerable to shifting investor allocations during unsettled markets. London-headquartered Quilter's March-end assets stood at 141.9 billion pounds, broadly similar to the 141.2 billion pounds reported for the year ended December 31, 2025. Liontrust's managed assets stood at 20.8 billion pounds as at April 20. Shares of Quilter and Liontrust were up 4.8% and 2%, respectively, as of 0704 GMT. (Reporting by Rishab Shaju in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema) ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))