Slide 1: Investor introduction Spring 2026
Investor introduction Spring 2026
Slide 2: Business overview
Business overview Quilter
Slide 3: Quilter: a c.£2.1bn market capitalisation UK Wealth manager
Quilter: a c.£2.1bn market capitalisation UK Wealth manager High Net Worth Affluent What differentiates Quilter? Key competitors • Brooks Macdonald Balanced business mix covering the entire UK wealth spectrum • Rathbones High Net Worth Integrated Advice Restricted channel Discretionary investment Ad
Slide 4: Outperforming High Net Worth and Platform peers for FY flows
Quilter: Outperforming High Net Worth and Platform peers for FY flows FY 2025 Quilter core net flows vs Listed peers by channel High Net Worth Platform Annualised net (£m)1 (£m)2 inflows/ +10% opening Assets 10,000 +3% +3% +8% 8,000 +2% Annualised net 6,000 +7% inflows/ 1,000 opening AuMA 4,000 500
Slide 5: The UK's largest adviser Platform
Quilter: The UK’s largest adviser Platform Improving productivity, increasing market share and a growing market driving Quilter’s momentum Quilter Platform peer CY25 flow and AuMA comparison1 20 18 Quilter 16 Platform 14 CY 2025 gross sales (£bn) 12 Nucleus Transact 10 Aviva 8 AJ Bell Aberdeen Fidel
Slide 6: Strong growth opportunities across UK Wealth
Strong growth opportunities across UK Wealth Industry growth trend Quilter positioning Current market Future market £1.7tn £2.7tn Affluent1 £1.2tn A market leading highly £0.7tn scalable advice led Platform wealth manager Platform 2024 2029 High Net Worth2 £1.5tn Building a differentiated £1.0tn Hig
Slide 7: Flow trends
Flow trends Quilter
Slide 8: Strong flows
Strong flows Core gross inflows1 Core gross outflows1 Core net inflows1 £bn £bn £bn 12 12 10 11 10.6 11 9 10 9.4 10 Annualised net 8 3% 6% 8% 7% inflows/ 9 8.6 2.7 opening AuMA2 9 8 7.4 2.5 7 8 2.4 171% 7 7 6 2.4 5.7 6.0 6 6 5 4.5 4.6 5.1 4.9 1.0 5 5 1.1 0.9 0.8 4 3.5 1.6 1.7 4 8.0 4 7.1 3 1.5 3 6.4
Slide 9: Flows: maintaining strong momentum
Flows: maintaining strong momentum Core gross inflows1 Core gross outflows1 Core net inflows1 £bn £bn £bn 6 Annualised net 6 6 8% 8% 7% 7% inflows/ opening AuMA2 5 5 5 4 4 4 3 3 3 5.6 4.9 4.9 4.6 4.5 2 3.8 4.0 2 2 3.6 2.9 3.2 2.8 2.6 2.5 2.7 2.6 1 1 2.3 1 2.3 2.2 2.2 2.4 2.0 1.5 0.8 0.9 0 0 0 Q1 Q2
Slide 10: Platform net flows: broaden & deepen strategy delivering material growth
Platform net flows: broaden & deepen strategy delivering material growth Platform net flows, Quilter channel: 2024 vs 2025 Platform net flows, IFA channel: 2024 vs 2025 £bn £bn 9% net flows/opening AuA +92% y-o-y 6 6 5 5 4 4 18% net flows/opening AuA +12% y-o-y 3 3 2 2 1 1 0 0 Jan Feb Mar Apr May Ju
Slide 11: Distribution
Distribution Reduced leakage driving more flows to Platform Restricted advisers strategically aligned 100+ Financial Gross flows from Quilter Advisers onto Quilter Platform (£m) Adviser Academy Number of RFPs and RFP productivity (£m) graduates 4,500 2,100 4.0 RFP numbers Productivity 4,000 1,900 3.
Slide 12: Platform external perspectives
Platform external perspectives Why the Quilter Platform Quilter demonstrates highest market With a sharply improving trend among Adviser satisfaction measured by NPS from wins market share: penetration by number of adviser relationships financial advisers over the last two years1,2 1 primary users h
Slide 13: MPS on Platform: Quilter an industry leader
MPS on Platform: Quilter an industry leader MPS AuMA1 +46% £bn 26 Q3 2024 Q3 2025 Q4 2025 25.4 24 22.9 23.3 22 20 17.6 17.4 18 16 14 12 11.2 10.7 10 9.3 9.4 8.28.5 7.6 7.2 8 6.3 6.5 6 5.1 5.3 4.6 4.0 3.5 4 2.5 2 0 Titan 7IM Omnis Brooks LGT Wealth RBC BD Parmenion Timeline Tatton IM Quilter Macdonal
Slide 14: Quilter managed: driving up share of administered and managed
Quilter managed: driving up share of administered and managed Largest and fastest growing MPS provider WealthSelect AuMA 2.0 £bn 3.8 2.9 0.7 Affluent AuMA, of which managed by Quilter Passive/ 15.1 9.3 £bn Blend 5.7 FY23 Net flows Markets FY24 Net flows Markets FY25 2025 1.0 2023 0.7 0.3 0.2 2.4 Act
Slide 15: Principal Platform solutions: now rebased towards MPS and Blend/Passive
Principal Platform solutions: now rebased towards MPS and Blend/Passive Fund of funds solutions Managed portfolio solutions AuMA £m AuMA £m 20,000 25,000 20,000 CAGR 15,000 +27% CAGR -3% CAGR CAGR +45% 15,000 10,000 -20% 10,000 5,000 5,000 +10% +16% 0 0 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 202
Slide 16: High Net Worth: competitively positioned, growth focused
High Net Worth: competitively positioned, growth focused High Net Worth peer FY25 net flow comparison Quilter Cheviot net flows: Quilter channel (£bn)1 £bn 0.5 Annualised net +2% inflows/ 0.4 opening AuMA 1.0 0.3 0.5 0.2 0.1 0.0 0.0 -0.5 (1)% H1'22 H2'22 H1'23 H2'23 H1'24 H2'24 H1'25 H2'25 -1.0 Quil
Slide 17: Strategic priorities
Strategic priorities Quilter
Slide 18: Strategic progress
Strategic progress Flows Building for scale Grow distribution Enhancing propositions Be future fit ➢ Outperforming 4-5% net inflow target. ➢ WealthSelect on six third party platforms. ➢ Launched Smooth funds in partnership with ➢ Higher adviser productivity at £3.4m, +6%. ➢ £50m Simplification Phase
Slide 19: Business growth drivers
Business growth drivers Goal Levers ➢ Grow IFA market share. Maintain our position as the UK’s ➢ Increase RFP numbers & productivity Platform largest, fastest growing adviser through CRM tools and AI support. Platform. ➢ Quilter Invest and Targeted Support. Sustainable growth. Recognition as leading
Slide 20: Growth priorities
Growth priorities Quilter
Slide 21: The opportunity for Quilter
The opportunity for Quilter A high growth market, supporting higher Platform and Solutions flows Quilter’s current and future opportunity set: Advised market key drivers: Advised market1 “The Advice Gap”1 ➢ Complexity of UK tax rules continues to drive demand for Quilter’s advice, especially from ‘B
Slide 22: Becoming a customer champion: expanding access to quality advice
Becoming a customer champion: expanding access to quality advice “The Advice Gap” Government drive to get more people investing. Quilter’s current & future addressable “The Advice Gap” Advised markets Advice Guidance Boundary Review (“AGBR”) Recommendation Personalised recommendation boundary bounda
Slide 23: Why customers seek advice?
Why customers seek advice? Value proposition built on trust, confidently helping make decisions and remaining on track to achieve them Trust and empathy Complex planning areas and specialisation Intergenerational wealth, divorce or legacy planning Personal, long-term accountable partner Asset rich/t
Slide 24: Augmenting our proposition with technology and innovation
Augmenting our proposition with technology and innovation Indicative improvement in productivity Innovative adviser technology: ➢ Multi-year investment. ➢ Proprietary back-office advice technology, fully integrated with Platform, removing need for separate systems. Gross sales per Quilter adviser ➢
Slide 25: How Quilter is harnessing AI to drive the business faster
How Quilter is harnessing AI to drive the business faster AI tools can improve speed, consistency and quality Enhancing productivity Improving client and Operational and process and reducing friction adviser engagement redesign ➢ Reduces manual work, ➢ Improves personalisation, ➢ Introduces new ways
Slide 26: How we make money
How we make money Quilter
Slide 27: How we make money: across the UK Wealth value chain
How we make money: across the UK Wealth value chain Advice/Distribution Platform/Administration Investment Solutions Quilter solutions: Quilter Restricted Quilter retains c.23 bps margin retain by Quilter Fund of Fund (Cirilium) and MPS (Wealth Select): £119m Financial Planner c.15% revenue (Low sin
Slide 28: How we make money: segment revenue momentum offsetting lower interest rates
How we make money: segment revenue momentum offsetting lower interest rates High Net Worth Affluent 2025 2025 revenues1 revenues1 +3% £455m +7% £233m Y-o-Y Y-o-Y 67bps IM fee 23bps Platform fee £216m £203m £94bn £31bn 35bps management fee £119m Share of fees2,3 £34bn £31bn £73m c.65bps advice fee £4
Slide 29: Segment financials: year-on-year growth driven by Affluent segment
Segment financials: year-on-year growth driven by Affluent segment High Net Worth Affluent Group Adjusted profit Total net revenues before tax Total net revenues £233m £455m £47m (2)% Y-o-Y Operating expenses Operating expenses £207m1 £186m £286m +14% £169m Y-o-Y Adjusted profit before tax Adjusted
Slide 30: Quilter guidance
Quilter guidance The Quilter financial medium-term model in ‘normal’ markets Net flows/opening AuMA c.+5% Market movements c.+5% Average AuMA c.+10% ‘Expected’ margin attrition Revenues Mid to high single digit % Costs Positive jaws Steady compounding of earnings at a high-single digit to mid-teens
Slide 31: Capital priorities
Capital priorities Quilter
Slide 32: Capital allocation approach
Capital allocation approach Adjusted profit after tax and interest Summary ➢ From FY 2026 onwards: Quilter will distribute c.70% of post-tax, post-interest adjusted profit to shareholders. ➢ The Board expects, in normal circumstances: c.70% ➢ Shareholder distributions. ➢ progressive growth in the am
Slide 33: Dividend and capital distribution policy evolution
Dividend and capital distribution policy evolution Future distributions ➢ Capital review: surplus capital of c.£100 million will be FY 2026 FY: 2027 and future returned to shareholders through a share buyback, with completion anticipated prior to end-2026. £100m >£85m ➢ Progressive Dividend growth i
Slide 34: Investment conclusion
Investment conclusion Quilter
Slide 35: Regulatory changes support structural industry growth
Regulatory changes support structural industry growth Quilter well positioned for the evolving regulatory landscape: Quilter impact: ➢ Supporting individuals’ taking responsibility for funding their retirement Underpins structural market ➢ Intergenerational wealth transfer supports demand for person
Slide 36: Quilter: delivering today and tomorrow
Quilter: delivering today and tomorrow Large fragmented market with structural growth Quilter generates growth through: Market leading distribution Compelling propositions, scalable businesses Quilter Channel Largest and fastest growing scaled UK platform IFA Channel UK’s leading MPS provider New di
Slide 37: Appendix
Appendix Quilter
Slide 38: A transformed investment case: Quilter now vs at Listing
A transformed investment case: Quilter now vs at Listing June 2018 Spring 2026 Sold in Quilter International 2021 for c.£1.5bn¹ returned to shareholders £481m Sold in Quilter Life Assurance Market cap £2.7bn 2020 for £425m Sold in Single Strategy business 2018 for £583m Core business Core business M
Slide 39: Where do flows come from?
Where do flows come from? Two strong distribution channels: IFAs and Quilter RFPs – delivering a strong flow funnel Independent Financial Advisers (IFAs) Quilter Restricted Financial Planners (RFPs) Strategy: Grow, broaden, deepen Strategy: Grow number & improve productivity 2,000 important relation
Slide 40: Building our distribution
Building our distribution 1 Building the advice business of tomorrow ➢ ATP/Strategic advice technology roll-out commenced, providing AI-enabled productivity tools. ➢ Quilter Partners aligned assets increased from c.£0.7bn in 2023 to c.£2.5bn in 2025. 2 Recruiting the advisers of tomorrow ➢ Adviser r
Slide 41: Client pricing: open, unbundled, with choice at the heart
Client pricing: open, unbundled, with choice at the heart Average fees example, reflecting current predominant choice by clients & their advisers % of investment Total Upfront Ongoing p.a. Equivalent p.a. Total Financial p.a/ Wrapper / Investment Total Advice Total Advice A+B Advice 10 Years Admin M
Slide 42: Industry insight: Quilter outperforms the advised Platform market
Industry insight: Quilter outperforms the advised Platform market Industry advised platform flows and AuA¹ Quilter Platform flows and AuA £m £m 800,000 30,000 120,000 5,000 4,500 700,000 25,000 100,000 4,000 600,000 3,500 20,000 80,000 500,000 3,000 400,000 15,000 60,000 2,500 2,000 300,000 10,000 4
Slide 43: Quilter: The UK's largest adviser Platform
Quilter: The UK’s largest adviser Platform Improving productivity, increasing market share and a growing market driving Quilter’s momentum Quilter Platform peer CY25 flow and AuMA comparison1 24 St James’ Place 20 Quilter 16 Platform CY 2025 gross sales (£bn) 12 Nucleus Transact Aviva 8 AJ Bell Aber
Slide 44: Platform distribution: sources of IFA channel flow
Platform distribution: sources of IFA channel flow Platform net flow transfers by peer (£m) Consolidators 2022 2023 2024 2025 44
Slide 45: Quilter Investors: investment performance
Quilter Investors: investment performance As at 31 December 2025 Since Fund Range Fund vs IA Sector Comparator 1Y 3Y 5Y 10Y Inception¹ 1 1 1 1 1 Investment performance WealthSelect Managed Active 3 WealthSelect Managed Active 4 2 2 2 2 1 1 1 1 1 1 WealthSelect Managed Active 5 ➢ WealthSelect managed
Slide 46: High Net Worth: investment performance
High Net Worth: investment performance Investment Performance Highlights 31 December 2025 Cumulative Return 1 Year 3 Year 5 Year ARC PCI ➢ High Net Worth investment performance has been strong. Steady Quilter Cheviot PCI 11.07% 30.58% 28.14% ➢ Discretionary client portfolios have outperformed the AR
Slide 47: High Net Worth: delivering a high-performance business
High Net Worth: delivering a high-performance business Building on solid foundations, focusing on execution and growing capacity Distribution Proposition Be future fit Direct authorisation for Integrated advice and Leveraging MPS opportunities QC Financial Planning investment model Realigning and gr
Slide 48: High Net Worth: building on solid foundations, focusing on execution & growing capacity
High Net Worth: building on solid foundations, focusing on execution & growing capacity Aiming to deliver mid-single digit net flow growth and mid-20s operating margin Our ambition Our focus Our goal Improve digital capabilities Enhanced experience, tailored to client and Enhance client and intermed
Slide 49: Disclaimer
Disclaimer This presentation 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 bec