Wealth and investment manager Quilter has extended access to its WealthSelect Managed Portfolio Service to three new third-party platforms for the first time.

Quilter is cutting platform charges for new customers from June and existing customers in Q3 - and introducing tiered adviser charging.

Assets under management and administration for Financial Planner and wealth manager Quilter dropped 5% to £101.9bn in the first three months of the year, compared to £107.2bn in 2022.

Assets under management and administration for Financial Planner and wealth manager Quilter dropped 11% to £99.6bn in 2022.