The firm delivered ‘steady’ wholesale business with net sales of £302m.
The UK Equity Income fund with £91m and the corporate bonds fund with £67m were the two strongest performers in new business terms.
Sterling Credit which saw £39m of inflows, and Cash Plus with £27m also added significant new money.
RLAM said ‘positive wholesale business momentum’ from 2014 has carried through into 2015. Institutional flows have been slower than previous quarters however, the firm said.
At the end of Q1 this year the Ascentric wrap platform had £9.53 billion assets under administration, a 7% increase over the quarter. Gross inflows were £555.7m.
RLAM also reported ‘a dramatic rise in SIPP business’ on the platform prompted by the pension rule changes which came in in April.
The firm’s total asset under management now stand at £86bn.
“Our wealth businesses have continued their growth story during the period by delivering significant inflows to complement rising valuations for existing assets,” said Royal London CEO Phil Loney. “
