Quilter has reported record net inflows for the first half of the year, as the wealth management firm's push into financial advice continues to attract new customers. The results mark a significant milestone for the FTSE 250 company, which has been rebuilding its brand and strategy since demerging from Old Mutual and rebranding in 2018.

Total assets under administration and management (AUMA) rose 25 per cent to £157.4bn. The growth was fueled by a 32 per cent increase in core net inflows, which reached £6bn, up from £4.5bn in the same period a year earlier, driven by higher customer activity across both of the firm's distribution channels. The performance places Quilter among the larger UK wealth managers competing for retail investors' long-term savings.

Revenue edged up five per cent to £379m, as stronger management fee revenue was partially offset by lower investment revenue generated on shareholder funds. Profit before tax came in at £112m.

The wealth manager raised its interim dividend to 2.1p per share and completed £68.4m of its £100m share buyback programme.

Channel Performance

Quilter's affluent segment generated £1.7bn in net inflows, an increase from £1.3bn the previous year, a result the company attributed to the "strength and distribution capabilities of our advice business." AUMA for the segment climbed 13 per cent to £121.2bn.

The firm's independent adviser channel posted a 27 per cent rise in net inflows to £3.7bn, reflecting expanded market share in the retail advice sector. The UK advice market has seen sustained consolidation in recent years, with larger firms increasingly leveraging scale to capture flows from smaller, independent practitioners facing rising regulatory and compliance costs.

Quilter's high net worth division attracted £552m in inflows, while asset retention held broadly steady at 92 per cent.

Chief Executive Officer Steven Levin said: "Our strategy allows us to deliver wealth solutions to UK households at scale or at a bespoke, individual level. In either case these outcomes are built around the personal nature of adviser-client relationships."

Outlook and Policy Priorities

Looking ahead, Quilter intends to grow its market share by broadening its client offerings and reducing average costs. The company expects its investments in technology and artificial intelligence tools to help lower expenses for clients, aligning with a broader industry push toward digital-enabled advice and operational efficiency.

The FTSE 250 firm is also preparing for the upcoming Autumn Budget, bracing for the kind of market speculation that has surrounded the Chancellor's fiscal statements in recent years. UK wealth managers have previously navigated uncertainty around potential changes to capital gains tax, ISA allowances, and pension tax relief — all areas that directly affect client saving and investment behaviour.

Levin added: "Our message to policymakers is clear. If the UK is to increase household participation in long-term saving and investment, individuals need a stable policy environment that allows them to plan for the future with confidence.

"Major changes to long-term savings policy should be developed through a clear consultation process."