In a trading update today, Quilter says its plans to move all advisers and clients to a new platform by the summer are “more uncertain” after the Coronavirus outbreak.

Quilter plc, the wealth management and investment group, has reported a pre-tax loss of £53m for last year compared to a profit of £41m for the previous year.

Wealth manager and Financial Planner Quilter has reported positive Q4 net flows and a 13% increase in assets under administration to £110.4bn as it readies for a major re-platforming shift.

Financial Planner Quilter has reported “strong” growth in assets under management and advice (AuMA) for the third quarter of 2019.