UK-based and JSE-listed wealth management group Quilter reported record net inflows in its first quarter to end of March 2026, in spite of the global geopolitical uncertainty.
Image: Timothy Bernard/African News Agency (ANA)
JSE and UK-listed wealth manager Quilter has reported record net inflows of £3 billion in its first quarter to March 31, largely offset by market movements due to geopolitical events around the quarter end.
On the JSE, the share price shot up 5.4% to R42.20 after the release of the quarterly update, a price that was also 28% higher than the price it traded at the same time last year.
Group assets under management and administration (AuM) also saw a meaningful uplift to £141,9bn at March 31, 2026, from £119,6bn at the same time last year, due to a recovery in markets in recent weeks from the end March level.
“Quilter demonstrated continued strong momentum across its business with core net inflows of £3,1bn in the first quarter, an increase of 35% on the equivalent prior year period, representing 9% of opening assets. I’m really pleased with Quilter’s continued momentum, building upon our very strong end to 2025. We delivered a record quarter for net inflows, surpassing the £3n core net inflow threshold for the first time,” said CEO Steven Levin in a statement.
In the Affluent segment, the strength of the Quilter Platform proposition continued to be shown by strong business volumes: Quarterly net inflows of £2,86bn represented 11% of opening AuMA (Q1 2025: £2,2bn representing 10% of opening AuMA, annualised).
Quilter channel gross and net inflows onto the Platform both increased by 22% year-on-year. The Independent Financial Advisor (IFA) channel gross inflows onto the Platform increased by 22% year-on-year. IFA channel net inflows of £1,94bn were 24% higher than the comparable period.
In the High Net Worth segment, quarterly gross inflows of £944m were materially higher than the run-rate of recent quarters. Net inflows of £214m represented 3% of opening AuMA (Q1 2025: 2%) and increased 80% year-on-year).
Core business persistency levels remained stable. Quilter channel annualised gross sales per Quilter Adviser were £3,9m in the first quarter, 15% higher year-on-year.
“(Platform) 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 was further supported by the continued growth of our WealthSelect MPS, the largest in the market, which achieved AuM of £26bn by the end of March, an increase of 35% year-on-year,” said Levin.
He said they remained 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,, we are delivering on that,” said Levin.
Quliter's Affluent business segement 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.
The group's High Net Worth segment comprises the discretionary fund management and financial planning business, Quilter Cheviot.
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