Wealth Manager Quilter said funds under management were GBP119.9bn at the end of March 2021 or 2% up over the past three months and 26% higher than a year ago.
Net inflows were GBP1.2bn (2020:GBP0.5bn) during the latest quarter and helped by its revamped adviser investment platform, which saw net inflows double to GBP1bn.(2020: GBP0.5bn).
Paul Feeney, chief executive, added: “I am delighted with the significant improvement in both our gross and net flows in the first quarter of 2021.
“This has been led by our new Quilter Investment Platform which achieved record gross flows in March 2021.”
Quilter added it expects the recently announced sale of its international arm (for GBP483mln) to complete around the end of 2021.
Meanwhile, Liontrust said total inflows were GBP1bn in the three months to March to take the total over the financial year to GBP3.5bn.
Assets under management at year-end 2021 were GBP30.9bn or almost double a year ago, it added.
The share of managed assets held by retail investors rose to GBP20.9bn with net inflows of GBP955mln in the past three months.