Quilter has reported a 181% increase in core net inflows in Q1 compared to last year, due to lower year-on-year outflows.
In a quarterly trading update, the firm said core net inflows for the first three months of 2025 stood at £2.28bn, 181% higher than Q1 in 2024 and 16% higher than the record fourth quarter of 2024.
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The high-net-worth segment delivered £119m net inflows, while the platform business saw £2.29bn with the IFA channel in this segment seeing significantly higher new flows compared to last year.
Group assets under management and administration (AUMA) reached £119.6bn by the end of March, in line with the £119.4bn reported at the end of 2025. This reflects reported net inflows of 7% of opening AUMA.
Steven Levin (pictured), CEO of Quilter, commented: “I am pleased with our first quarter flow performance which has continued the momentum seen in late 2024. These results continue to demonstrate the strength of the Quilter dual channel distribution model. In affluent, our platform flows reached 11% (annualised) of opening AUMA and in high net worth, the net inflows as a percentage of opening assets were 2%, in line with the 2024 out-turn.”
However, Levin highlights the weakness in markets offset net inflow performance and as a result of the continued volatility across all asset classes as they react to the proposed US tariffs, the outlook for the group’s full-year results are now “more uncertain”.
“Our most recent estimate of AUMA (at 17 April) is around 3% below the quarter end level which, if sustained, would provide a headwind to 2025 revenues and profitability,” he explained.