REG - Quilter PLC - Quilter plc - Third Quarter 2025 Trading Statement

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RNS Number : 2939E  Quilter PLC  22 October 2025

22 October 2025

Quilter plc

Third Quarter 2025 Trading Statement

Continued Strong Net Flow Momentum

 

Quilter reports a third successive quarter of net inflows in excess of £2
billion. Q3 core net inflows of £2.2 billion increased by 48% on the prior
year period and represented 7% (annualised) of opening AuMA.

Third quarter year to date core net inflows of £6.7 billion comfortably
exceed the full year 2024 total of £5.2 billion.

Quilter plc highlights:

·      Group Assets under Management and Administration ("AuMA"): £134.8
billion at 30 September 2025, increased by 7% from 30 June 2025 reflecting
reported net inflows of £2.1 billion and market movements of £6.4 billion.

·      Third quarter flows:

o In our Affluent segment, the strength of our Platform proposition continues
to be demonstrated by strong business volumes:

§ Quarterly net inflows of £2,055 million during the third quarter,
represented 9% of opening AuMA (annualised) versus £1,455 million in the
comparable period, representing 7% (annualised) of opening AuMA.

§ Third quarter Quilter channel gross and net inflows onto the Platform
increased by 19% and 15% respectively year-on-year.

§ Third quarter IFA channel gross inflows onto the Platform increased by 35%
year-on-year. IFA channel net inflows of £1,321 million were 61% higher than
the comparable period (Q3 2024: £821 million).

o  In the High Net Worth segment, new business momentum was solid:

§ Gross inflows of £758 million remained broadly consistent with the first
half quarterly run rate.

§ Net inflows of £239 million represented 3% (annualised) of opening AuMA,
in line with first half performance.

·      Persistency levels remained stable year-on-year at 91% (core) for
Affluent and 93% for High Net Worth.

·      Productivity: Quilter channel annualised gross sales per Quilter
Adviser were £3.4 million in the third quarter, around 10% higher
year-on-year.

 Quilter plc: Three months ended 30 September 2025
 Quilter plc, unaudited                                               Q3 2025  Q3 2024
 AuMA: Reported (£bn)                                                 134.8    116.2
 Of which are administered on the UK Platform                         99.0     82.6
 Of which are administered on external platforms                      5.9      6.4
 Of which High Net Worth                                              31.6     28.8
 Gross flow: Reported (£m)                                            4,944    4,003
 Net inflow: Core (£m)                                                2,227    1,507
 Net inflow: Reported (£m)                                            2,118    1,383
 Productivity: Quilter channel gross sales per Quilter Adviser (£m,   3.4      3.1
 annualised)

 Quilter plc: Nine months ended 30 September 2025
 Quilter plc, unaudited                                               Q3 2025  Q3 2024
 AuMA: Reported (£bn)                                                 134.8    116.2
 Gross flow: Reported (£m)                                            14,427   11,455
 Net inflow: Core (£m)                                                6,733    3,240
 Net inflow: Reported (£m)                                            6,441    2,914
 Productivity: Quilter channel gross sales per Quilter Adviser (£m,   3.3      3.2
 annualised)

Steven Levin, Chief Executive Officer of Quilter plc, commented:

"Our business is demonstrating strong consistency, delivering in excess of £2
billion of net flows in each quarter of this year. Notably, our 2025
year-to-date core net inflows of £6.7 billion already comfortably exceed the
£5.2 billion total for 2024. The total assets on our Platform exceeded £100
billion for the first time early in the fourth quarter, making us the first
discrete UK advised platform to reach this milestone.

"Our High Net Worth segment continued to deliver net inflows in the third
quarter, outperforming peers who remain in outflow.

"Ahead of the UK Budget in November, there is heightened press speculation
regarding personal tax changes that may impact households' carefully
constructed retirement plans. Potential policy changes should be consistent
with the wider goal of building a broader investment culture in the UK. We
therefore believe that meaningful changes should only be implemented after due
consultation and with appropriate transitional arrangements to maintain
consumer confidence in long-term savings and investment plans that are
essential to good retirement outcomes.

"While the policy environment may evolve, there is a need for increased
investment by UK consumers. Quilter is well-placed to meet this need. Our
performance in 2025 continues to demonstrate the strength of our two
distribution channels. We are the UK's largest discrete adviser Platform, and
our net flows continue to grow at pace. Our scale and distribution reach makes
us uniquely positioned to meet our customers' needs and to benefit from the
secular growth opportunity that the UK Wealth market offers."

Enquiries

Investor Relations:

John-Paul Crutchley                              +44 (0) 7741
385 251

Keilah Codd                                           +44
(0) 7776 649 681

 

 

Media:

 

Tim Skelton-Smith                                 +44 (0) 7824
145 076

 

Camarco:

 

Geoffrey Pelham-Lane                           +44 (0) 7733 124
226

Ben Woodford                                         +44
(0) 7990 653 341

 

Company Secretary:

 

Clare Barrett
+44 (0) 7741 384 512

 

 

About Quilter plc

Quilter plc is a leading provider of financial advice, investments and wealth
management, committed to being the UK's best wealth manager for clients and
their advisers.

Quilter oversees £134.8 billion in customer investments as at 30 September
2025.

The business is comprised of two segments: Affluent and High Net Worth.

Affluent encompasses the financial planning business, Quilter Financial
Planning, the investment platform, Quilter Investment Platform, the digital
savings and investment app, Quilter Invest, and the multi-asset investment
solutions business, Quilter Investors.

High Net Worth comprises the discretionary fund management and financial
planning business, Quilter Cheviot.

 

Disclaimer

This announcement may contain forward-looking statements with respect to
certain Quilter plc's plans and its current goals and expectations relating to
its future financial condition, performance and results.

By their nature, all forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances which are beyond
Quilter plc's control including amongst other things, international and global
economic and business conditions, the implications and economic impact of
global conflicts, economic political uncertainty, market related risks such as
fluctuations in interest rates and exchange rates, the policies and actions of
regulatory authorities, the impact of competition, inflation, deflation, the
timing and impact of other uncertainties of future acquisitions or
combinations within relevant industries, as well as the impact of tax and
other legislation and other regulations in the jurisdictions in which Quilter
plc and its affiliates operate. As a result, Quilter plc's actual future
financial condition, performance and results may differ materially from the
plans, goals and expectations set forth in Quilter plc's forward-looking
statements.

Quilter plc undertakes no obligation to update the forward-looking statements
contained in this presentation or any other forward-looking statements it may
make.

Quilter plc data tables for the three months ended 30 September 2025 (£bn) -
unaudited

 2025 Q3 gross flows, net flows & AuMA (£bn), unaudited       AuMA      Gross     Net     AuMA           Of which managed by Quilter

flows

                                                              as at
(£m)     flows   as at          AuM as at

30 September

                                                              30 June             (£m)
              30 September

                           2025

                                                              2025                                       2025

 Affluent segment
 Quilter channel(1)                                           20.2      1,119     701     21.8           17.7
 IFA channel on Quilter Investment Platform                   72.7      2,986     1,321   77.9           14.8
 Funds via third-party platform                               2.1       112       (22)    2.2            2.2
 Total Affluent segment core business                         95.0      4,217     2,000   101.9          34.7

 Total High Net Worth segment(2)                              30.0      758       239     31.6           31.6

 Inter-segment Dual Assets(3)                                 (1.6)     (44)      (12)    (1.7)          (0.4)

 Quilter plc core business                                    123.4     4,931     2,227   131.8          65.9

 Non-core                                                     2.9       13        (109)   3.0            1.7

 Quilter plc reported                                         126.3     4,944     2,118   134.8          67.6

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only                                   64.2      2,653     1,265   68.5
 Affluent managed and administered                            27.8      1,385     790     30.5
 Quilter Platform Sub-Total(4)                                92.0      4,038     2,055   99.0
 Affluent external platform                                   5.9       192       (164)   5.9
 Affluent Total (Including Non-core)                          97.9      4,230     1,891   104.9
 (1) Quilter channel third quarter Platform discrete gross flows and net flows
 were £1,049m and £767m respectively, with closing AuMA of £19.8bn.

 (2) The High Net Worth segment third quarter discrete Quilter channel gross
 and net flows were £161m and £118m respectively, with closing AuMA of
 £4.1bn.

 (3) Inter-segment dual assets reflect funds managed by Quilter Cheviot and
 administered by Quilter Investors and the Quilter Cheviot managed portfolio
 service solutions available to advisers on the Quilter Investment Platform.
 This is excluded from total AuMA to ensure no double count takes place.

 (4)The Quilter Platform includes £3m of gross flows, £33m of net outflows
 and £1.3bn of closing AuA related to non-core assets.

 

Quilter plc data tables for the nine months ended 30 September 2025 (£bn) -
unaudited

 2025 YTD gross flows, net flows & AuMA (£bn), unaudited       AuMA          Gross     Net     AuMA           Of which managed by Quilter

flows

                                                               as at
(£m)     flows   as at          AuM as at

30 September

                                                               31 December             (£m)
              30 September

                               2025

                                                               2024                                           2025

 Affluent segment
 Quilter channel(1)                                            19.1          3,192     2,024   21.8           17.7
 IFA channel on Quilter Investment Platform                    67.5          8,727     4,209   77.9           14.8
 Funds via third-party platform                                1.9           362       (110)   2.2            2.2
 Total Affluent segment core business                          88.5          12,281    6,123   101.9          34.7

 Total High Net Worth segment(2)                               29.5          2,291     703     31.6           31.6

 Inter-segment Dual Assets(3)                                  (1.7)         (201)     (93)    (1.7)          (0.4)

 Quilter plc core business                                     116.3         14,371    6,733   131.8          65.9

 Non-core                                                      3.1           56        (292)   3.0            1.7

 Quilter plc reported                                          119.4         14,427    6,441   134.8          67.6

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only                                    60.2          7,834     4,218   68.5
 Affluent managed and administered                             25.2          3,858     2,078   30.5
 Quilter Platform Sub-Total(4)                                 85.4          11,692    6,296   99.0
 Affluent external platform                                    6.2           645       (465)   5.9
 Affluent Total (Including Non-core)                           91.6          12,337    5,831   104.9
 (1) Quilter channel year to date Platform discrete gross flows and net flows
 were £2,959m and £2,175m respectively, with closing AuMA of £19.8bn.

 (2) The High Net Worth segment year to date Quilter channel gross flows and
 net flows were £552m and £418m respectively, with closing AuMA of £4.1bn.

 (3) Inter-segment dual assets reflect funds managed by Quilter Cheviot and
 administered by Quilter Investors and the Quilter Cheviot managed portfolio
 service solutions available to advisers on the Quilter Investment Platform.
 This is excluded from total AuMA to ensure no double count takes place.

 (4)The Quilter Platform includes £6m of gross flows, £88m of net outflows
 and £1.3bn of closing AuA related to non-core assets.

 

 

Quilter plc data tables for the three months ended 30 September 2024 (£bn) -
unaudited

 2024 Q3 gross flows, net flows & AuMA (£bn), unaudited       AuMA      Gross     Net     AuMA           Of which managed by Quilter

flows

                                                              as at
(£m)     flows   as at          AuM as at

30 September

                                                              30 June             (£m)
              30 September

                           2024

                                                              2024                                       2024

 Affluent segment
 Quilter channel(1)                                           17.9      995       596     18.5           14.7
 IFA channel on Quilter Investment Platform                   63.6      2,213     821     65.4           12.1
 Funds via third-party platform                               1.9       81        (95)    1.9            1.9
 Total Affluent segment core business                         83.4      3,289     1,322   85.8           28.7

 Total High Net Worth segment(2)                              28.7      817       284     28.8           28.8

 Inter-segment Dual Assets(3)                                 (1.5)     (121)     (99)    (1.6)          (0.5)

 Quilter plc core business                                    110.6     3,985     1,507   113.0          57.0

 Non-core                                                     3.2       18        (124)   3.2            2.0

 Quilter plc reported                                         113.8     4,003     1,383   116.2          59.0

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only                                   56.9      1,998     868     58.3
 Affluent managed and administered                            23.1      1,100     587     24.3
 Quilter Platform Sub-Total(4)                                80.0      3,098     1,455   82.6
 Affluent external platform                                   6.6       209       (257)   6.4
 Affluent Total (Including Non-core)                          86.6      3,307     1,198   89.0
 (1) Quilter channel third quarter Platform discrete gross flows and net flows
 were £884m and £665m respectively, with closing AuMA of £16.0bn.

 (2) The High Net Worth segment Quilter channel third quarter discrete gross
 flows and net flows were £175m and £139m respectively, with closing AuMA of
 £3.4bn.

 (3) Inter-segment dual assets reflect funds managed by Quilter Cheviot and
 administered by Quilter Investors and the Quilter Cheviot managed portfolio
 service solutions available to advisers on the Quilter Investment Platform.
 This is excluded from total AuMA to ensure no double count takes place.

 (4)The Quilter Platform includes £1m of gross flows, £31m of net outflows
 and £1.2bn of closing AuA related to non-core assets.

 

 

 

Quilter plc data tables for the nine months ended 30 September 2024 (£bn) -
unaudited

 2024 YTD gross flows, net flows & AuMA (£bn), unaudited       AuMA          Gross     Net     AuMA           Of which managed by Quilter

flows

                                                               as at
(£m)     flows   as at          AuM as at

30 September

                                                               31 December             (£m)
              30 September

                               2024

                                                               2023                                           2024

 Affluent segment
 Quilter channel(1)                                            17.2          3,048     1,652   18.5           14.7
 IFA channel on Quilter Investment Platform                    58.7          6,059     1,785   65.4           12.1
 Funds via third-party platform                                1.6           285       (336)   1.9            1.9
 Total Affluent segment core business                          77.5          9,392     3,101   85.8           28.7

 Total High Net Worth segment(2)                               27.0          2,349     391     28.8           28.8

 Inter-segment Dual Assets(3)                                  (1.1)         (342)     (252)   (1.6)          (0.5)

 Quilter plc core business                                     103.4         11,399    3,240   113.0          57.0

 Non-core                                                      3.3           56        (326)   3.2            2.0

 Quilter plc reported                                          106.7         11,455    2,914   116.2          59.0

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only                                    53.2          5,439     1,983   58.3
 Affluent managed and administered                             20.6          3,290     1,684   24.3
 Quilter Platform Sub-Total(4)                                 73.8          8,729     3,667   82.6
 Affluent external platform                                    7.0           719       (892)   6.4
 Affluent Total (Including Non-core)                           80.8          9,448     2,775   89.0
 (1) Quilter channel year to date Platform gross flows and net flows were
 £2,661m and £1,969m respectively, with closing AuMA of £16.0bn.

 (2) The High Net Worth segment year to date Quilter channel gross flows and
 net flows were £561m and £446m respectively, with closing AuM of £3.4bn.

 (3)Inter-segment dual assets reflect funds managed by Quilter Cheviot and
 administered by Quilter Investors and the Quilter Cheviot managed portfolio
 service solutions available to advisers on the Quilter Investment Platform.
 This is excluded from total AuMA to ensure no double count takes place.

 (4)The Quilter Platform includes £9m of gross flows, £87m of net outflows
 and £1.2bn of closing AuA related to non-core assets.

 ( )

 

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