Quilter has reported an IFRS profit after tax of £120m for 2025, following a loss of £34m in 2025.
The wealth manager and Financial Planner saw £9.1bn of core net inflows for the year, representing 8% of opening assets (2024: 5%).
The net inflows were driven by a 56% increase to platform net inflows of £8.7bn (2024: £5.6bn). Platform assets under administration increased 22% to £104.6bn over the year.
Within its platform division, Quilter’s WealthSelect managed portfolio service saw a 38% in asserts under management to £25.4bn.
Total assets under management and administration rose by 18% to £21.8bn over the year (2024: £141.2bn).
During 2025 the wealth manager also increased the number of advisers within its Financial Planning division. The additional 13 Quilter Restricted Financial Planners takes the team to 1,453 Financial Planners and 182 investment managers.
Revenues for the wealth manager grew by 5% to £701m (2024: £670m), which Quilter said reflected higher management fee revenues being partially offset by lower investment revenue generated on shareholder funds.
Quilter’s affluent segment, which includes its platform, saw core net inflows of £8.5bn (2025: £4.9bn).
Its high net worth segment reported more muted net inflows of £686m (2024: £599m), with a ‘heighted level of outflows’ in the final quarter due to the impact of the UK Budget.
Quilter also began making payments under its ongoing advice review remediation programme. The review has investigated if the AR Firms in the Quilter Financial Planning network met their ongoing servicing obligations to customers and, if not, "remediate customers" appropriately
According to the financial results, it has paid out £14m so far, with a total expected provision of £56m (£20m less than originally expected).
The firm had set aside £76m in its provision to cover potential remediation for ongoing advice, but reduced the figure having submitted its Skilled Person report to the FCA and having had initial conversations with the regulator regarding the implementation of a potential remediation programme.
The wealth manager also completed its ‘simplification programme’ during 2025, which achieved its target of £50m of savings on a run-rate basis.
Steven Levin, CEO of Quilter, said that whilst the simplification programme is complete, there are expected to be changes amongst the workforce this year as the wealth manager ‘refocuses’ its advisers to free up additional capacity in its high net worth segment.
He added that he expects there to be higher demand than ever for Quilter’s services. He said: “The fundamental industry characteristic that supports our business – the need to invest for retirement – has never been more important to both individuals and society than it is today.”
Quilter has also announced a share buyback programme of up to £100m to be completed over 2026.
From the 2026 financial year, Quilter will move to a shareholder distribution policy of 70% of post-tax, post-interest earnings through a combination of ordinary dividends and regular ongoing share buybacks.
For 2025 Quilter reporter adjusted diluted earnings per share of 11.0p increased by 4% (2024: 10.6p), a slightly lower rate than the increase in adjusted profit due to a marginally higher tax rate.
It has proposed a final dividend of 4.3 pence per share taking the total dividend for the year to 6.3 pence per share (2024: 5.9 pence per share), representing an increase of 7% and a payout ratio of 60%.