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.
Group assets under management and administration were £141.9bn at 31 March 2026, a slight rise from the £131.2bn as at 31 December 2025.
Of these assets £105.7bn (Q1 2025: £86.6bn) were administered on Quilter’s UK platform.
The Quilter platform saw strong inflows in the quarter of over £2.8bn, representing 11% of opening assets under management (Q1 2025: £2.2bn). Quilter channel and IFA channel gross inflows onto the platform both increased by 22% year-on-year. IFA net inflows of £1.9bn were 24% higher than Q1 2025.
The wealth manager’s affluent segment, which includes the platform, reported total net inflows of £2.8bn, with assets under management and administration of £111.5bn as at 31 March.
Quilter’s high net worth segment reported a significant increase in flows in the first quarter to £944bn. Net inflows of £214m increased 80% year-on-year. Gross inflows were £944m (Q1 2025: £765m). High net worth assets under management ended the quarter at £32.1bn (31 March 2025: £28.7bn).
Steven Levin, CEO of Quilter, noted that the firm’s assets under management and administration had already considerably improved since March.
He said: “We are mindful of the current geopolitical uncertainty. Our advice-led philosophy is designed to support customers through all market conditions. Our consistent strong performance reflects our customers’ recognition of the quality of our service and propositions, together with the strength of our distribution capabilities.
“The UK Wealth market continues to offer meaningful long-term secular growth opportunities, and, as our flow momentum demonstrates, we are delivering on that.”
Gross sales per Quilter Adviser were £3.9m in the first quarter, a 15% rise year-on-year (Q1 2025: £3.4m).
The latest financial results follow a return to profit for Quilter in 2025, when it reported an IFRS profit after tax of £120m for 2025, following a loss of £34m in 2024.
During 2025 the wealth manager also increased the number of advisers within its Financial Planning division. The additional 13 Quilter Restricted Financial Planners takes the team to 1,453 Financial Planners and 182 investment managers.
Quilter also began making payments under its ongoing advice review remediation programme in 2025. The review has investigated if the AR Firms in the Quilter Financial Planning network met their ongoing servicing obligations to customers and, if not, will "remediate customers" appropriately
In 2025 it paid out £14m, with a total expected provision of £56m (£20m less than originally expected).
The firm had set aside £76m in its provision to cover potential remediation for ongoing advice, but reduced the figure having submitted its Skilled Person report to the FCA and having had initial conversations with the regulator regarding the implementation of a potential remediation programme.
The wealth manager also completed its ‘simplification programme’ during 2025, which achieved its target of £50m of savings on a run-rate basis.