Quilter’s core net inflows rose to £2.28bn in the first quarter of 2025, representing 8 per cent (annualised) of opening assets under management and administration (AUMA), its Q1 trading statement has revealed.

This represented a 181 per cent year-on-year increase and a 16 per cent rise compared to the then record level seen in the fourth quarter of 2025.

The group’s AUMA were £119.6bn at the end of March, a slight increase from the year-end level of £119.4bn, as net inflows of 7 per cent (annualised) of opening AUMA were offset by market declines and sterling appreciation during the quarter.

In the firm’s ‘High Net Worth’ segment, Quilter reported gross inflows of £765m, which were broadly in line with the recent quarterly run-rate, and net inflows of £119m, representing 2 per cent (annualised) of opening AUMA.

Meanwhile, its ‘Affluent’ segment saw a 42 per cent year-on-year increase to £4.19bn, while lower year-on-year outflows contributed to a 179 per cent increase in net inflows to £2.2bn, representing 10 per cent (annualised) of opening AUMA.

Q1 Quilter channel gross and net inflows onto its platform rose by 12 per cent and 15 per cent respectively year-on-year, while its IFA channel gross inflows onto the platform increased by 63 per cent year-on-year.

It reported record quarterly net inflows of £2.29bn in Q1, representing 11 per cent (annualised) of opening AUMA.

“I am pleased with our first quarter flow performance which has continued the momentum seen in late 2024,” commented Quilter chief executive officer, Steven Levin.

“These results continue to demonstrate the strength of the Quilter dual channel distribution model.

“Market indices weakened during the first quarter, with the impact of this broadly offsetting our net inflow performance. Thus far in the second quarter we have seen significant volatility across all asset classes, as bond and equity markets have reacted to proposed US tariffs.

“As a result, the outlook for market levels and interest rates is more uncertain than at our Full Year results just over a month ago. Our most recent estimate of AUMA (at 17 April) is around 3 per cent below the quarter end level which, if sustained, would provide a headwind to 2025 revenues and profitability.

“We have successfully managed our business through previous periods of market turbulence. Our advisers and investment managers remain highly engaged with our clients, and it is during volatile markets that the value of financial advice becomes most apparent.

“The assets we manage are largely long-term focused and, with the majority of our new business arising from asset consolidation, early second quarter indications point to a degree of resilience in flows.

“The structural growth opportunity in the UK wealth market remains and we continue to focus on our strategic initiatives and efficiency programmes. We remain confident that Quilter is well placed to navigate these uncertain macro challenges.”

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