REG - Quilter PLC - Quilter plc - First Quarter 2026 Trading Statement

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RNS Number : 3843B  Quilter PLC  22 April 2026

22 April 2026

Quilter plc

First Quarter 2026 Trading Statement

Quilter reports record quarterly core net inflows, exceeding £3 billion for
the first time.

Q1 core net inflows increased 35% on the prior year period and represented 9%
(annualised) of opening AuMA.

 

Quilter plc highlights:

Group Assets under Management and Administration ("AuMA"): £141.9 billion at
31 March 2026. Record reported net inflows of £3.0 billion were largely
offset by market movements due to geopolitical events around the quarter end.
The recovery in markets in recent weeks has led to a meaningful uplift in AuMA
from the end March level.

First quarter flows:

 ·           Quilter demonstrated continued strong momentum across its business with core
             net inflows of £3.1 billion in the first quarter, an increase of 35% on the
             equivalent prior year period, representing 9% (annualised) of opening assets
             (Q1 2025: 8%).
 ·           In the Affluent segment, the strength of the Quilter Platform proposition
             continues to be demonstrated by strong business volumes:
    o        Quarterly net inflows of £2,857 million represented 11% (annualised) of
             opening AuMA (Q1 2025: £2,198 million representing 10% of opening AuMA,
             annualised).
 o           Quilter channel gross and net inflows onto the Platform both increased by 22%
             year-on-year.
 o           IFA channel gross inflows onto the Platform increased 22% year-on-year. IFA
             channel net inflows of £1,943 million were 24% higher than the comparable
             period (Q1 2025: £1,573 million).
     ·          In the High Net Worth segment:
 o           Quarterly gross inflows of £944 million were materially higher than the
             run-rate of recent quarters.
 o           Net inflows of £214 million represented 3% (annualised) of opening AuMA (Q1
             2025: 2%) and increased 80% year-on-year.
 ·           Core business persistency levels remained stable year-on-year.
 ·           Productivity: Quilter channel annualised gross sales per Quilter Adviser were
             £3.9 million in the first quarter, 15% higher year-on-year.

 

 Quilter plc: Three months ended 31 March 2026
 Quilter plc, unaudited                                               Q1 2026  Q1 2025
 AuMA: Reported (£bn)                                                 141.9    119.6
 Of which are administered on the UK Platform                         105.7    86.6
 Of which are administered on external platforms                      5.8      5.8
 Of which High Net Worth                                              32.1     28.7
 Gross flow: Reported (£m)                                            6,084    4,895
 Net inflow: Core (£m)                                                3,063    2,276
 Net inflow: Reported (£m)                                            2,971    2,180
 Productivity: Quilter channel gross sales per Quilter Adviser (£m,   3.9      3.4
 annualised)

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

"I'm really pleased with Quilter's continued momentum in the first quarter of
2026, building upon our very strong end to 2025. We delivered a record quarter
for net inflows, surpassing the £3 billion core net inflow threshold for the
first time, with this representing 9% of opening assets (on an annualised
basis) versus 8% for Q1 2025 and 2025 as a whole.

"I am particularly delighted with the continued momentum demonstrated by our
Platform with net inflows 23% higher in the first quarter of 2026. Net inflows
in each month exceeded the comparable period in 2025, and ahead of the tax
year end in March, we delivered our highest ever monthly level of gross flows.
This performance was further supported by the continued growth of our
WealthSelect MPS, the largest in the market, which achieved AUM of £26.0
billion by the end of March, an increase of 35% year-on-year.

"Our High Net Worth segment delivered much higher levels of new business in
the first quarter compared to the recent quarterly run-rate which in turn
contributed to higher levels of net inflows of £214 million, around 80%
higher than the corresponding period of 2025.

"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."

 

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 £141.9 billion in customer investments as at 31 March 2026.

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 and political uncertainty, market related risks
such as fluctuations in interest rates, inflation, deflation, equity markets,
credit markets, and exchange rates, the policies, actions and timing of
decisions by regulatory authorities, changes in laws, tax policy or
regulations in the jurisdictions in which Quilter plc and its affiliates
operate; and impact of competition within the financial services industry.

Forward looking statements are also subject to risks relating to operational
and technological resilience, including cybersecurity threats, data breaches,
system failures, IT infrastructure changes, and dependence on third party
suppliers and outsourcing partners. Additional uncertainties may arise from
evolving consumer behaviours, demographic trends, and the broader
macroeconomic environment, as well as the timing, completion and integration
of any future acquisitions, divestments or business combinations.

These and other factors could cause Quilter plc's actual future financial
condition, performance and results to differ materially from the plans, goals
and expectations expressed or implied by forward‑looking statements. Quilter
plc therefore cautions readers not to place undue reliance on such statements,
which speak only as of the date made, and undertakes no obligation to update
publicly or revise this announcement or any forward‑looking statements,
whether as a result of new information, future events or otherwise, except as
required by applicable law.

Quilter plc data tables for the three months ended 31 March 2026 (£bn) -
unaudited

 2026 Q1 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

 31 December

 31 March

                          (£m)
            31 March
                                                              2025                                                        2026

                                                                                                                                       2026

 Affluent segment
 Quilter channel(1,2)                                         21.4            1,278      885                              22.1         17.9
 IFA channel on Quilter Investment Platform                   83.8            3,661      1,943                            84.1         16.9
 Funds via third-party platform                               2.4             223                       29                2.4          2.4
 Total Affluent segment core business                         107.6           5,162      2,857                            108.6        37.2

 Total High Net Worth segment(3)                              32.5            944        214                              32.1         32.1

 Inter-segment Dual Assets(4)                                 (1.8)           (43)       (8)                              (1.7)        (0.4)

 Quilter plc core business                                    138.3           6,063      3,063                            139.0        68.9

 Non-core                                                     2.9             21         (92)                             2.9          1.6

 Quilter plc reported                                         141.2           6,084      2,971                            141.9        70.5

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only(2)                                72.0            3,143      1,805                            72.7
 Affluent managed and administered                            32.6            1,736      1,022                            33.0
 Quilter Platform Sub-Total(2,5)                              104.6           4,879      2,827                            105.7
 Affluent external platform                                   5.9             304        (62)                             5.8
 Affluent Total (Including Non-core)                          110.5           5,183      2,765                            111.5
 (1) Quilter channel Q1 Platform discrete gross flows and net flows were
 £1,213m and £912m respectively, with closing AuMA of £20.3bn.

 (2) Includes gross flows, net flows and AuMA relating to Quilter Invest. These
 amounts are not material in the context of the Segment and Group totals.

 (3) The High Net Worth segment first quarter discrete Quilter channel gross
 and net inflows were £163m and £71m respectively, with closing AuMA of
 £4.2bn.

 (4) 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.

 (5)The Quilter Platform includes £5m of gross flows, £28m of net outflows
 and £1.3bn of closing AuA related to non-core assets.

 

 

 

 

Quilter plc data tables for the three months ended 31 March 2025 (£bn) -
unaudited

 2025 Q1 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

 31 December

 31 March

                          (£m)
            31 March
                                                              2024                               2025

                                                                                                              2025

 Affluent segment
 Quilter channel(1)                                           19.1            1,075      697     19.0         15.3
 IFA channel on Quilter Investment Platform                   67.5            2,996      1,573   68.5         12.8
 Funds via third-party platform                               1.9             119        (72)    2.0          2.0
 Total Affluent segment core business                         88.5            4,190      2,198   89.5         30.1

 Total High Net Worth segment(2)                              29.5            765        119     28.7         28.7

 Inter-segment Dual Assets(3)                                 (1.7)           (83)       (41)    (1.5)        (0.4)

 Quilter plc core business                                    116.3           4,872      2,276   116.7        58.4

 Non-core                                                     3.1             23         (96)    2.9          1.7

 Quilter plc reported                                         119.4           4,895      2,180   119.6        60.1

 Affluent AuMA breakdown (incl. Non-core):
 Affluent administered only                                   60.2            2,775      1,644   60.6
 Affluent managed and administered                            25.2            1,220      649     26.0
 Quilter Platform Sub-Total(4)                                85.4            3,995      2,293   86.6
 Affluent external platform                                   6.2             218        (191)   5.8
 Affluent Total (Including Non-core)                          91.6            4,213      2,102   92.4
 (1) Quilter channel Q1 Platform discrete gross flows and net inflows were
 £996m and £750m respectively, with closing AuMA of £16.9bn.

 (2) The High Net Worth segment Quilter channel first quarter discrete gross
 flows and net inflows were £182m and £133m respectively, with closing AuM of
 £3.6bn.

 (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, £30m of net outflows
 and £1.2bn of closing AuA related to non-core assets.

 ( )

 

 

 

 

 

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