Net inflows were £1bn, the same figure as seen in the first quarter of 2021.
Annualised net inflows for Quilter’s affluent sector were 18% of opening assets under management and administration.
For the high net worth sector annualised net inflows were 16% of opening assets under management and administration.
The Financial Planning group said strong early net flow momentum in the quarter was impacted by market uncertainty following the outbreak of conflict in Ukraine in late February.
Paul Feeney, CEO of Quilter, said whilst net inflows took a hit following the outbreak of conflict in Ukraine, he has confidence that the “transformed” business will continue to grow.
He said: “We have built a business for the long-term and remain confident in our potential and ability to drive growth and deliver efficiency. Markets may remain challenging, but we are focused on execution and are well positioned to take advantage of the opportunities ahead.”
Adviser productivity improved with annualised gross flows per adviser rising 14% to £2.5m.
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