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QUILTER:  3,994   +34 (+0.86%)  21/10/2026 11:18

QUILTER PLC - Quilter plc Third Quarter 2026 Trading Statement

Release Date: 21/10/2026 08:00
Code(s): QLT     PDF:  
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Quilter plc Third Quarter 2026 Trading Statement

QUILTER PLC
Incorporated under the Companies Act 1985 with registered number 06404270 and
re-registered as a public limited company under the Companies Act 2006)
ISIN CODE: GB00BNHSJN34
JSE SHARE CODE: QLT
Quilter plc (the "Company")

21 October 2026

                                                                      Quilter plc
                                                         Third Quarter 2026 Trading Statement

    Continued strong net flows and increasing market share deliver £8.9 billion of core net inflows year to date, broadly in line with the 2025
                                Full Year outcome, representing 9% (annualised) of opening assets (2025: 8%).

Quilter plc highlights:
•      Group reported Assets under Management and Administration (“AuMA”): increased to £160.5 billion, up 19% year-on-year.
•      Q3 core net inflows of £2.9 billion, maintaining the strong 2026 run-rate.
•      Year-to-date core net inflows of £8.9 billion, up 31% year-on-year, broadly in line with the 2025 Full Year outcome of £9.1 billion, and equivalent
       to 9% (annualised) of opening assets (2025: 8% annualised).
•      Platform net inflows of £8.0 billion year-to-date, reinforcing Quilter's position as the UK's leading advice platform.
•      High Net Worth net inflows up 20% year-to-date, reflecting improving momentum from the business.
•      Core business persistency remained strong at 91% year-to-date.
•      Quilter adviser productivity increased 9% year-on-year in the third quarter.


Third quarter flows:
Quilter continues to demonstrate strong momentum with third quarter core net inflows of £2.9 billion, consistent with the first half run-rate:
•      In our Affluent segment, the strength of the Quilter Platform proposition continues to be demonstrated by strong business volumes:
            o      Quarterly Platform net inflows of £2.6 billion increased by 25% year-on-year and represented 9% (annualised) of opening AuMA (Q3
                   2025: £2.1 billion, 9% annualised).
            o      Quarterly net inflows onto the Platform from Quilter advisers increased 10% year-on-year, with year-to-date net inflows representing
                   18% (annualised) of opening assets (2025: 17% annualised).
            o      Quarterly net inflows onto the Platform from independent advisers increased by 33% year-on-year, with year-to-date net inflows
                   representing 9% (annualised) of opening assets (2025: 8% annualised).
•      In our High Net Worth segment we continue to build net inflow momentum reflecting the actions we have taken to strengthen the business:
            o      Quarterly gross inflows of £873 million were broadly consistent with the 2026 first half run-rate.
            o      Quarterly net inflows of £322 million increased 35% year-on-year and represented 4% (annualised) of opening AuMA (Q3 2025: 3%
                   annualised).

    Quilter plc: Three months ended 30 September 2026

    Quilter plc, unaudited                                                                                           Q3 2026                      Q3 2025
    AuMA: Reported (£bn)                                                                                                160.5                        134.8
                                                      Of which are administered on the UK Platform                      120.8                          99.0
                                                    Of which are administered on external platforms                        6.1                          5.9
                                                                            Of which High Net Worth                       35.6                         31.6
    Gross flow: Reported (£m)                                                                                           6,011                        4,944




    Quilter plc Q3 2026 Trading update                                         1
 Net inflow: Core (£m)                                                                                                  2,891                        2,227
 Net inflow: Reported (£m)                                                                                              2,737                        2,118
 Productivity: Quilter channel gross sales per Quilter Adviser (£m, annualised)                                           3.7                           3.4

 Quilter plc: Nine months ended 30 September 2026

 Quilter plc, unaudited                                                                                            YTD 2026                     YTD 2025
 AuMA: Reported (£bn)                                                                                                   160.5                        134.8
 Gross flow: Reported (£m)                                                                                            17,918                        14,427
 Net inflow: Core (£m)                                                                                                  8,850                        6,733
 Net inflow: Reported (£m)                                                                                              8,535                        6,441
 Productivity: Quilter channel gross sales per Quilter Adviser (£m, annualised)                                           3.8                           3.3




Steven Levin, Chief Executive Officer of Quilter plc, commented:

“In the third quarter we maintained our strong momentum across the business. We have delivered core net flows of approximately £3 billion in each
quarter of 2026, taking year-to-date core net flows to £8.9 billion by the end of the third quarter, just short of the record £9.1 billion delivered in the
whole of 2025. We surpassed that milestone early in the fourth quarter.

“This performance reflects the strength of our dual-channel model, the quality of our propositions and our leading service offering. Gross inflows
increased by 22% year-on-year during the quarter, while gross outflow rates remained stable and in line with first-half levels.

“The UK advice platform market continues to consolidate around a small number of scale providers, and Quilter remains both the largest and fastest
growing of these. Our leadership position was recognised again during the quarter, with our platform winning ‘Platform of the Year’ for a third
consecutive year at the Vanguard Platform Awards, alongside ‘Best Platform’ awards from both Money Marketing and Moneyfacts.

“WealthSelect continues to go from strength to strength. As the UK's largest MPS provider, funds under management exceeded £30 billion for the
first time during the quarter, highlighting the continued appeal of our investment proposition to advisers and clients.

“High Net Worth delivered another quarter of consistent positive flows, reflecting improving momentum and the strength of our client offering.

“As the Government considers measures to support economic growth in the upcoming Budget, we believe there is a significant opportunity to
strengthen the UK's investment culture. Long-term investment is best supported by a stable and predictable policy environment that gives consumers,
advisers and providers the confidence to plan for the future.

“We are mindful of the current geopolitical uncertainty. Our advice-led philosophy is designed to support customers through all market conditions. Our
consistent strong flow performance reflects our customers’ recognition of the quality of our service and propositions, together with the strength of our
distribution capabilities.

“The long-term growth opportunity in UK wealth management remains compelling. With strong momentum across our businesses, market-leading
positions in our core markets and a clear focus on client outcomes, we remain well placed to capture that opportunity.”




Enquiries

Investor Relations:

John-Paul Crutchley                        +44 (0) 7741 385 251
Keilah Codd                                +44 (0) 7776 649 681


Media:

Tim Skelton-Smith                          +44 (0) 7824 145 076

Camarco:




                                                                              2                                  Quilter plc Q3 2026 Trading update
Geoffrey Pelham-Lane                       +44 (0) 7733 124 226
Ben Woodford                               +44 (0) 7990 653 341

Company Secretary:

Clare Barrett                              +44 (0) 7741 384 512


JSE Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited


About Quilter plc

Quilter plc is a leading provider of financial advice, investments and wealth management, committed to being the UK’s best wealth manager for
clients and their advisers.

Quilter oversees £160.5 billion in customer investments as at 30 September 2026.

The business is comprised of two segments: Affluent and High Net Worth.

Affluent 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.

High Net Worth comprises the discretionary fund management and financial planning business, Quilter Cheviot.



Disclaimer

This announcement may contain forward-looking statements with respect to certain Quilter plc’s plans and its current goals and expectations relating
to its future financial condition, performance and results.

By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond
Quilter plc’s control, including, amongst other things, international and global economic and business conditions; the implications and economic impact
of global conflicts, economic and political uncertainty, market related risks such as fluctuations in interest rates, inflation, deflation, equity markets,
credit markets, and exchange rates, the policies, actions and timing of decisions by regulatory authorities, changes in laws, tax policy or regulations
in the jurisdictions in which Quilter plc and its affiliates operate; and impact of competition within the financial services industry.

Forward looking statements are also subject to risks relating to operational and technological resilience, including cybersecurity threats, data breaches,
system failures, IT infrastructure changes, and dependence on third party suppliers and outsourcing partners. Additional uncertainties may arise from
evolving consumer behaviours, demographic trends, and the broader macroeconomic environment, as well as the timing, completion and integration
of any future acquisitions, divestments or business combinations.

These and other factors could cause Quilter plc’s actual future financial condition, performance and results to differ materially from the plans, goals
and expectations expressed or implied by forward looking statements. Quilter plc therefore cautions readers not to place undue reliance on such
statements, which speak only as of the date made, and undertakes no obligation to update publicly or revise this announcement or any forward looking
statements, whether as a result of new information, future events or otherwise, except as required by applicable law.




 Quilter plc Q3 2026 Trading update                                            3
Quilter plc data tables for the three months ended 30 September 2026 (£bn) – unaudited

                                                                                                                                                                Of which
                                                                                                                                             AuMA           managed by
                                                                                            AuMA                                              as at               Quilter
                                                                                              as at           Gross               Net           30             AuM as at
                                                                                           30 June            flows            flows     September         30 September
2026 Q3 gross flows, net flows & AuMA (£bn), unaudited                                        2026              (£m)             (£m)         2026                  2026


Affluent segment
Quilter channel1,2                                                                              24.8           1,234              797             25.1                 20.7
IFA channel on Quilter Investment Platform                                                      93.7           3,661            1,752             96.2                 18.8
Funds via third-party platform                                                                    2.7             315               85             2.8                  2.8
Total Affluent segment core business                                                           121.2           5,210            2,634           124.1                  42.3


Total High Net Worth segment3                                                                   35.2              873             322             35.6                 35.6


Inter-segment Dual Assets4                                                                      (1.9)            (83)             (65)           (2.0)                 (0.6)



Quilter plc core business                                                                      154.5           6,000            2,891           157.7                  77.3


Non-core                                                                                          2.9              11           (154)              2.8                  1.5


Quilter plc reported                                                                           157.4           6,011            2,737           160.5                  78.8



Affluent AuMA breakdown (incl. Non-core):
Affluent administered only                                                                      81.1           3,166            1,650             83.1
Affluent managed and administered                                                               36.8           1,679              922             37.7

Quilter Platform Sub-Total5                                                                    117.9           4,845            2,572           120.8

Affluent external platform                                                                        6.2             376             (92)             6.1

Affluent Total (Including Non-core)                                                            124.1           5,221            2,480           126.9
1  Quilter channel third quarter Platform discrete gross flows and net flows were £1,182m and £841m respectively, with closing AuMA of £23.3bn.
2  Where a Quilter channel firm leaves the Quilter network, their balances remain in the opening Quilter channel assets but their closing assets and flows are reclassified
as IFA channel from the point of transfer.
3  The High Net Worth segment third quarter discrete Quilter channel gross and net flows were £136m and £89m respectively, with closing AuM of £4.8bn.
4  Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions
available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place.
5  The Quilter Platform includes £2m of gross flows, £21m of net outflows and £1.3bn of closing AuA related to non-core assets.




                                                                                       4                                      Quilter plc Q3 2026 Trading update
Quilter plc data tables for the nine months ended 30 September 2026 (£bn) – unaudited
                                                                                                                                                                Of which
                                                                                                                                             AuMA           managed by
                                                                                           AuMA                                               as at               Quilter
                                                                                            as at             Gross               Net           30             AuM as at
                                                                                     31 December              flows            flows     September         30 September
2026 YTD gross flows, net flows & AuMA (£bn), unaudited                                     2025                (£m)             (£m)         2026                  2026


Affluent segment
Quilter channel1,2                                                                              21.4           3,801            2,544             25.1                 20.7
IFA channel on Quilter Investment Platform                                                      83.8          10,799            5,418             96.2                 18.8
Funds via third-party platform                                                                    2.4             766              143             2.8                  2.8
Total Affluent segment core business                                                           107.6          15,366            8,105           124.1                  42.3


Total High Net Worth segment3                                                                   32.5           2,679              844             35.6                 35.6


Inter-segment Dual Assets4                                                                      (1.8)           (176)             (99)           (2.0)                 (0.6)



Quilter plc core business                                                                      138.3          17,869            8,850           157.7                  77.3


Non-core                                                                                          2.9              49           (315)              2.8                  1.5


Quilter plc reported                                                                           141.2          17,918            8,535           160.5                  78.8



Affluent AuMA breakdown (incl. Non-core):
Affluent administered only                                                                      72.0           9,252            5,053             83.1
Affluent managed and administered                                                               32.6           5,176            2,940             37.7
                                5
Quilter Platform Sub-Total                                                                     104.6          14,428            7,993           120.8

Affluent external platform                                                                        5.9             987           (203)              6.1

Affluent Total (Including Non-core)                                                            110.5          15,415            7,790           126.9
1  Quilter channel year to date Platform discrete gross flows and net flows were £3,616m and £2,646m respectively, with closing AuMA of £23.3bn.
2  Where a Quilter channel firm leaves the Quilter network, their balances remain in the opening Quilter channel assets but their closing assets and flows are reclassified
as IFA channel from the point of transfer.
3  The High Net Worth segment year to date Quilter channel gross flows and net flows were £450m and £256m respectively, with closing AuM of £4.8bn.
4  Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions
available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place.
5  The Quilter Platform includes £13m of gross flows, £71m of net outflows and £1.3bn of closing AuA related to non-core assets.




    Quilter plc Q3 2026 Trading update                                                 5
Quilter plc data tables for the three months ended 30 September 2025 (£bn) – unaudited
                                                                                                                                                                Of which
                                                                                                                                             AuMA           managed by
                                                                                            AuMA                                              as at               Quilter
                                                                                              as at           Gross               Net           30             AuM as at
                                                                                           30 June            flows            flows     September         30 September
2025 Q3 gross flows, net flows & AuMA (£bn), unaudited                                        2025            (£m)             (£m)           2025                  2025


Affluent segment
Quilter channel1,2                                                                               20.2          1,119              701             21.8                 17.7
IFA channel on Quilter Investment Platform                                                       72.7          2,986            1,321             77.9                 14.8
Funds via third-party platform                                                                    2.1             112             (22)             2.2                  2.2
Total Affluent segment core business                                                             95.0          4,217            2,000           101.9                  34.7


Total High Net Worth segment3                                                                    30.0             758             239             31.6                 31.6


Inter-segment Dual Assets4                                                                      (1.6)            (44)             (12)            (1.7)                (0.4)



Quilter plc core business                                                                      123.4           4,931            2,227           131.8                  65.9


Non-core                                                                                          2.9              13           (109)              3.0                  1.7


Quilter plc reported                                                                           126.3           4,944            2,118           134.8                  67.6



Affluent AuMA breakdown (incl. Non-core):
Affluent administered only                                                                       64.2          2,653            1,265             68.5
Affluent managed and administered                                                                27.8          1,385              790             30.5

Quilter Platform Sub-Total5                                                                      92.0          4,038            2,055            99.0

Affluent external platform                                                                        5.9             192           (164)              5.9

Affluent Total (Including Non-core)                                                              97.9          4,230            1,891           104.9
1  Quilter channel third quarter Platform discrete gross flows and net flows were £1,049m and £767m respectively, with closing AuMA of £19.8bn.
2  Where a Quilter channel firm leaves the Quilter network, their balances remain in the opening Quilter channel assets but their closing assets and flows are reclassified
as IFA channel from the point of transfer.
3  The High Net Worth segment Quilter channel third quarter discrete gross flows and net flows were £161m and £118m respectively, with closing AuM of £4.1bn.
4  Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions
available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place.
5  The Quilter Platform includes £3m of gross flows, £33m of net outflows and £1.3bn of closing AuA related to non-core assets.




                                                                                       6                                      Quilter plc Q3 2026 Trading update
Quilter plc data tables for the nine months ended 30 September 2025 (£bn) – unaudited
                                                                                                                                                                Of which
                                                                                                                                             AuMA           managed by
                                                                                           AuMA                                               as at               Quilter
                                                                                            as at             Gross               Net           30             AuM as at
                                                                                     31 December              flows            flows     September         30 September
2025 YTD gross flows, net flows & AuMA (£bn), unaudited                                     2024                (£m)             (£m)         2025                  2025


Affluent segment
Quilter channel1,2                                                                              19.1           3,192            2,024             21.8                 17.7
IFA channel on Quilter Investment Platform                                                      67.5           8,727            4,209             77.9                 14.8
Funds via third-party platform                                                                    1.9             362            (110)             2.2                  2.2
Total Affluent segment core business                                                            88.5          12,281            6,123           101.9                  34.7


Total High Net Worth segment3                                                                   29.5           2,291              703             31.6                 31.6


Inter-segment Dual Assets4                                                                      (1.7)           (201)             (93)           (1.7)                 (0.4)



Quilter plc core business                                                                      116.3          14,371            6,733           131.8                  65.9


Non-core                                                                                          3.1              56           (292)              3.0                  1.7


Quilter plc reported                                                                           119.4          14,427            6,441           134.8                  67.6



Affluent AuMA breakdown (incl. Non-core):
Affluent administered only                                                                      60.2           7,834            4,218             68.5
Affluent managed and administered                                                               25.2           3,858            2,078             30.5

Quilter Platform Sub-Total5                                                                     85.4          11,692            6,296            99.0

Affluent external platform                                                                        6.2             645           (465)              5.9

Affluent Total (Including Non-core)                                                             91.6          12,337            5,831           104.9
1  Quilter channel year to date Platform gross flows and net flows were £2,959m and £2,175m respectively, with closing AuMA of £19.8bn.
2  Where a Quilter channel firm leaves the Quilter network, their balances remain in the opening Quilter channel assets but their closing assets and flows are reclassified
as IFA channel from the point of transfer.
3  The High Net Worth segment year to date Quilter channel gross flows and net flows were £552m and £418m respectively, with closing AuM of £4.1bn.
4  Inter-segment dual assets reflect funds managed by Quilter Cheviot and administered by Quilter Investors and the Quilter Cheviot managed portfolio service solutions
available to advisers on the Quilter Investment Platform. This is excluded from total AuMA to ensure no double count takes place.
5  The Quilter Platform includes £6m of gross flows, £88m of net outflows and £1.3bn of closing AuA related to non-core assets.




    Quilter plc Q3 2026 Trading update                                                 7
Date: 21/10/2026 08:00:00
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