Quilter CEO, Steven Levin earned a total remuneration package of £4.15m in 2025, according to the wealth manager and Financial Planner's annual report.
Of this over £1m (£1,031,000) was paid as a bonus, 167% of his salary and 83% of the maximum (200% of base salary) he could have been paid.
The bonus was based on profit, net flows, customer and personal targets.
The remainder of his package was paid out over benefits (£9,900), pension (£61,800) long-term incentives (£2,434,600). Long-term incentives were dominated by the vesting of his shares within his 2023 award, the performance period of which ended on 31 December 2025.
The shares will vest on 3 April 2026. The figure includes share dividend equivalents of around £318,100 and share price appreciation of around £1.2m.
Mr Levin will see his base salary increase 5% from £625,000 to £750,000 from 1 April.
In 2024 Mr Levin, who joined part way through the year, had a package of £1.88m.
The pay increase comes off the back of the Quilter Board Remuneration Committee’s review of executive directors’ salaries to ensure they remain competitive, with a particular focus on Steven Levin’s salary.
The Committee noted that Mr Levin’s salary was around 15% lower than his predecessor, and that this salary increase ‘unwinds that discount’. It said that since his appointment, Quilter has seen more than an 80% increase in the share price, growth in market share and improvement in the operating margin from 22% in 2022 to 30% in 2025.
In 2024 the Quilter Board Remuneration Committee made the decision to reduce bonuses and other short-term incentives ahead of the Skilled Person Review of ongoing advice. The findings of the review were published in May 2025, with the original provision made by the firm being reduced by £20m as a result. As a result, the Committee made the decision that “no further adjustments were required to 2025 incentive outcomes”.
Mr Levin's compensation package was high in 2025 in comparison to his counterparts.
Fellow wealth manager Brewin Dolphin's CEO Robin Beer's total yearly compensation is around £1.16m, comprised of 39.9% salary and 60.1% bonuses.
SJP’s Mark Fitzpatrick received an overall remuneration package of £2,713,640 in 2025.
The wider Quilter workforce saw a 3% increase in average salary at April 2025 (2024: 4%)
Quilter’s mean and median gender pay gaps for 2025 were 29% and 31%, up from 27% and 30% in the prior year respectively. The mean and median gender bonus gaps also increased from 55% and 45% in 2024 to 63% and 50% in 2025.
The wealth manager’s mean and median ethnicity pay gaps were 19% and 11% for 2025, compared to 18% and 15% for 2024 respectively.
The number of Restricted Financial Planners within Quilter increased 1% to 1,453 in 2025, 1,394 of whom were within the Quilter Financial Planning affluent sector and 59 within the Quilter Cheviot Financial Planning high net worth sector.
Average productivity per adviser rose 6% to £3.4m (2024: £3.2m).
Employee engagement remained strong at 8.2/10, according to Quilter’s annual all-employee engagement survey (2024:8/10). Quilter refenced the industry benchmark as 7.8/10.