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Quilter has reported an impressive 17% rise in adjusted profit to £196 million for the year to 31 December 2024. The firm’s operating margin also improved by two percentage points to 29%. Assets under management and administration rose by 12% to £119.4 billion, supported by net inflows of £4.8 billion and with investments buoyed by favourable market conditions. The Quilter board proposed a full-year dividend of 5.9 pence per share, up from 5.2 pence in 2023,  a 13% increase, in line with earnings growth.

Quilter Chief Executive Steven Levin said: “2024 was an excellent year in terms of net inflows, revenue momentum, cost discipline and profit growth.” He added: “These results demonstrate the benefit of our scale dual-distribution model which has made us the UK’s largest and fastest growing retail advised platform provider.”

A client-focused culture remains central to Quilter’s long-term plans. As Steven Levin pointed out: “Our open, unbundled business model is, by its nature, highly customer-centric. We will continue to innovate and anticipate future client needs… Delivering brighter financial futures for our customers is central to our philosophy.”

Steven Levin also welcomed the FCA’s recent statement on ongoing advice services, saying: “We believe that a well-delivered ongoing advice service, tailored to the individual needs of the client, should be the foundation of an enduring beneficial and trusted relationship between client and adviser to help people make the most of their money.” He concluded: “Business performance was excellent in 2024, and we look to 2025 and beyond with confidence.”