Report
Harry Botha ...
  • Warwick Bam

Quilter | Right place, right time

Quilter Plc (QLT) is a modern financial services company in the UK wealth management market. The Group's core offering uses financial advisers to target affluent customers with investable assets between GBP100k to GBP5m. In our view, QLT will benefit from structural growth in the UK pension market created by regulatory change, an ageing population and a growing advice gap. We expect QLT to deliver 13% CAGR in Adjusted profit between FY '17 and FY ‘20f, comprising 9% growth in average assets under management and administration (AuMA) and an additional 4% growth from margin expansion.
Underlying
Quilter Plc

Quilter PLC Formerly known as Old Mutual Wealth Management Ltd. Quilter PLC, formerly Old Mutual Wealth Management Ltd, is engaged in wealth management business. The Company offers financial advice; investment platforms; multi-asset investment solutions and discretionary fund management offerings. Its segment includes Wealth Platforms and Advice and Wealth Management. Wealth Platforms includes its Old Mutual Wealth United Kingdom Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business. Advice and Wealth Management includes the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and the Multi-asset investment solutions business.

Provider
Avior Capital Markets
Avior Capital Markets

Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.

Our research quality is consistently recognised in local and global surveys, with 18 analysts currently rated in their respective sectors (FM 2017). Value add through in-depth, innovative, high quality and consistent research with comprehensive underlying fundamental modelling supported by regular analyst and roadshow interactions.

Avior has proven that by working closely with our clients we can mutually develop dominant positions in certain sectors, going from strength to strength. Avior has a dedicated ESG team, having been ranked #1 in Corporate Governance research since 2008.

Analysts
Harry Botha

Warwick Bam

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