October 24, 2018 / 6:15 AM / 21 days ago

BRIEF-Quilter posts Q3 net client cash flow of 1.1 bln stg, down yoy

Oct 24 (Reuters) - Quilter PLC:

* Q3 NET CLIENT CASH FLOW (NCCF) OF £1.1 BILLION, EXCLUDING QUILTER LIFE ASSURANCE, WAS MARGINALLY AHEAD OF Q2 BUT BELOW HIGH LEVEL ACHIEVED IN Q3 2017, WHEN MARKET ACTIVITY WAS SIGNIFICANTLY MORE BUOYANT.

* YEAR TO DATE NCCF OF £4.1 BILLION, REPRESENTS 5% OF OPENING ASSETS UNDER MANAGEMENT AND ADMINISTRATION (AUMA) ON AN ANNUALISED BASIS.

* STEADY GROWTH IN AUMA TO £118.1 BILLION DESPITE MIXED GLOBAL MARKET PERFORMANCE (UP 3% YEAR TO DATE AND UP 1.4% FROM 30 JUNE 2018 DESPITE A DECLINE OF 1.7% IN FTSE 100 INDEX DURING Q3)

* £0.9 BILLION OF INTEGRATED FLOWS DELIVERED DURING QUARTER (OF WHICH £0.8 BILLION WAS FROM QUILTER FINANCIAL PLANNING AND PRIVATE CLIENT ADVISERS). TOTAL INTEGRATED FLOWS OF £3.0 BILLION YEAR TO DATE (+7%) FURTHER DEMONSTRATING STRENGTH OF OUR ADVICE BASED BUSINESS MODEL. Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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