Net outflows held steady for Aberdeen’s Adviser business in the third quarter at £0.7bn, due to continued elevated redemption activity.

Net inflows to the Quilter platform in the third quarter rose 25% year-on-year to £2.6bn, representing 9% of assets under management.

Investment manager Premier Miton has reported £428m of net outflows for the quarter ending 30 September, a sharp reduction from the previous quarter.

Assets under advice at Brooks Financial, the new financial planning proposition of wealth manager Brooks Macdonald, held steady at £5.7bn through the first quarter of the financial planner’s financial year. 

The Financial Planning proposition of wealth manager Brooks Macdonald, Brooks Financial, grew 10% year on year in the 12 months to 30 June.

Adjusted profit before tax rose 12% to £112m for Quilter in the first half of the year as assets recovered from the hit taken due to market movements at the start of the year.

Statutory profit before tax rose 102% (year-on-year) for asset manager Schroders to £396.8m in the first half of 2026, driven by financial performance, portfolio simplification and a decrease in costs.

Lloyds Bank is to create a new AI-enabled simplified advice service under its Lloyds Wealth brand.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said profits grew 11% in the first half of this year to £11.8m.

Net outflows rose 44% year-on-year to £1.3bn for Aberdeen’s Adviser business in the first half of 2026, due to elevated redemption activity.

Underlying profit before tax rose 67% year-on-year to £50.7m for fund manager Jupiter in the first half of 2026.

Total advised customers have risen 6% year-on-year at investment platform AJ Bell to reach 191,000 by the end of June.

Financial Planner and wealth manager Brooks Macdonald will no longer charge fees on cash in its discretionary funds.

A cyber security incident in 2025 has directly impacted new client numbers for specialist financial adviser Frenkel Topping, its most recent financial results reveal.

Net flows rose 49% to £3.3bn (Q125: £2.3bn) for Aviva’s wealth business in the first quarter of the year, representing 6% of opening assets.

Net inflows for St James’s Place (SJP) fell 10% to £1.53bn in the first quarter (Q1 2025: £1.69bn).

The number of advised customers rose 7% year-on-year for platform AJ Bell to 189,000 in the first quarter of the year.

Core net inflows passed £3bn for the first time (£3.1bn) for wealth manager Quilter in the first quarter, a rise of 35% year-on-year, but were largely offset by market movements due to geopolitical events.

SIPP and SSAS provider and administrator InvestAcc is looking for further acquisitions following its takeover of AJ Bell’s Platinum business in 2025.

Asset manager and retirement provider Legal & General is to begin a £1.2bn share buyback this week, the largest in its history, following a restructure across the business in 2025.