StockMarketWire.com - Wealth manager Quilter said it boosted its assets under management in 2019 thanks to positive market movements, though it was a tougher year for fresh fund inflows.

Assets under management and administration in the year through December rose 13% to £110.4bn, the company said.

Net client cash flow was a positive £0.3bn, down from £4.7bn on-year.

'2019 was a good year for market performance but a challenging year for net client flows,' chief executive Paul Feeney said.

'We were pleased to finish the year in a positive position.'

'Net inflows of £0.3bn for the year represented a sharp turnaround from the net outflow of £0.2bn for the nine months to end-September.'




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