Wealth manager Quilter has reported a 25% increase in adjusted profit in 2023 to £167m as Assets Under Management or Administration rose by £7.2bn to £103.4bn.

Wealth manager and Financial Planner Evelyn Partners has reported a 6.9% year on year rise in Assets Under Management and Advice (AuMA) to £55.6bn for its Q3 (Q3 2022: £52bn).

Quilter saw third quarter core business net inflows of just £1 million compared to net inflows of £324 million in the corresponding period of 2022 amid "challenging" market conditions.

Wealth manager and Financial Planner Evelyn Partners has reported a record £2.2bn of gross new money in the first half of the year.