Quilter PLC (LON:QLT) and Liontrust PLC (LON:LIO) said they saw big inflows into their funds from investors over the past three months.
Wealth Manager Quilter said funds under management were £119.9bn at the end of March 2021 or 2% up over the past three months and 26% higher than a year ago.
Net inflows were £1.2bn (2020:£0.5bn) during the latest quarter and helped by its revamped adviser investment platform, which saw net inflows double to £1bn.(2020: £0.5bn).
Paul Feeney, chief executive, added: "I am delighted with the significant improvement in both our gross and net flows in the first quarter of 2021.
“This has been led by our new Quilter Investment Platform which achieved record gross flows in March 2021.”
Quilter added it expects the recently announced sale of its international arm (for £483mln) to complete around the end of 2021.
Meanwhile, Liontrust said total inflows were £1bn in the three months to March to take the total over the financial year to £3.5bn.
Assets under management at year-end 2021 were £30.9bn or almost double a year ago, it added.
The share of managed assets held by retail investors rose to £20.9bn with net inflows of £955mln in the past three months.