Reply's Wealth

Management Observatory

Q1 2024
As of March 31 of 2024 there has been an increase in AUM of approximately €111 billion compared to the figure recorded in Q1 2023 (+15%). The Net Inflows since the beginning of the year (€10.3 billion) shows a decrease of approximately €3.4 billion compared to the results of the first quarter of the previous year (€13.7 billion). The number of Financial Advisors slightly increases compared to Q1 2023 (+2%), resulting in an increase in the value of AUM per Financial Advisor (+13%, approximately €4 million). The average performance of the stock market in the first three months of 2024 (+6.3%) records lower performances compared to the first quarter of 2023 (+7.7%); from April 2023 to March 2024, the average performance recorded is 8.4%.

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The Reply Quantitative Observatory analyses and monitors the Asset Gathering sector over time, highlighting the main market trends in terms of Managed Assets, Net Inflows, number of Financial Advisors and number of Clients.

The main objective of the observatory is to maintain a fact based observation point on the overall trend of the sector and on the main elements of innovation.