Core net inflows rose 28% year-on-year to £2.2bn at wealth manager and Financial Planner Quilter in the third quarter of the year.

Group assets under management and administration rose 7% over the quarter to £134.8bn, supported by market movements of £6.4bn.

Year to date core net inflows of £6.7bn were driven by strong inflows to its platform proposition.

The Quilter platform saw quarterly net inflows of over £2bn for the quarter ended 30 September. This compares with £1.4bn for Q3 2024.

Third quarter gross and net inflows into the Quilter platform increased by 19% and 15% respectively (year-on-year), with IFA channel gross flows to the platform increasing 35% to £1.3bn.

The wealth manager’s high net worth segment saw consistent gross inflows of £758m for the quarter, with net inflows of £239m.

Steven Levin, CEO of Quilter, said: “Our business is demonstrating strong consistency, delivering in excess of £2bn of net flows in each quarter of this year. Notably, our 2025 year-to-date core net inflows of £6.7 billion already comfortably exceed the £5.2bn total for 2024.

“And early in the fourth quarter, the total assets on our platform exceeded £100bn for the first time, making us the first discrete UK advised platform to reach this milestone.”

Quilter recently rebranded its app-based fintech NuWealth as Quilter Invest as part of its preparations for the FCA’s new Targeted Support proposals.

Quilter Invest is the wealth manager’s platform designed to support clients in the earlier stage of their investment journey, while also offering a proposition to advisers who have clients who may not be ready for full financial advice.

The wealth manager said by rebranding the platform it would strengthen the connection between its digital investing and adviser services, as well as offering a more consistent rand experience as customer needs evolve.

Quilter acquired NuWealth for an undisclosed sum in September 2024. At the time the wealth manager said the acquisition would open up new opportunities in hybrid digital advice.