Quilter shares rise on record inflows despite Budget uncertainty

(Sharecast News) - Shares in Quilter were rising strongly on Wednesday after the wealth management firm reported record quarterly net inflows in the fourth quarter despite outflows from high net worth clients ahead of the Autumn Budget announcement in November.

Group assets under management and administration rose 5% over the last three months of 2025 to £141.2bn, with market movements contributing £4.1bn and core net inflows hitting a new quarterly high of £2.4bn.

Core net inflows were 21% ahead of the year before and representing 7% of opening AuMA.

That took full-year core net inflows to £9.1bn, up 75% over 2024 and representing 8% of opening AuMA, up from 5% the year before.

According to Quilter, speculation about the UK Budget in late November contributed to elevated client activity during the quarter, impacting both gross inflows and outflows.

In the so-called Affluent client segment, quarterly inflows were £2.4bn, representing 10% of opening AuMN, up from £1.92bn the year before.

However, the HNW client segment saw net outflows of £17m, which Quilter attributed to Budget uncertainty, with the segment returning to positive net inflows in December.

"We finished the year with strong momentum. The fourth quarter was our strongest quarter of the year, despite market uncertainty caused by speculation on potential tax changes ahead of the UK Budget at the end of November," said chief executive Steven Levin ahead of the company's full-year results announcement scheduled for 4 March.

"Our core business delivered record full year net inflows of £9.1 billion in 2025 with quarterly inflows consistently above £2 billion. This reflects the strength of our award-winning Platform where assets finished the year at £105 billion, making us the first discrete UK advised platform to surpass £100 billion of assets under administration."

The stock was up 4.3% at 195.6p by 0931 GMT.