An update on our separation
Professional Services will now be known as S&W. Find out more.
Evelyn Partners is pleased to announce a trading update for the three months ended 30 September 2022. The business has delivered an uplift in operating income and continued strong new business inflows, against a backdrop of ongoing macroeconomic uncertainty and market volatility.
Evelyn Partners, formerly known as Tilney Smith & Williamson, is pleased to announce a trading update for the three months ended 30 September 2022. The business has delivered an uplift in operating income and continued strong new business inflows, against a backdrop of ongoing macroeconomic uncertainty and market volatility.
Highlights
Chris Woodhouse, Group Chief Executive, commented:
“The challenging macroeconomic environment continued into the third quarter, with adverse market movements impacting AuMA, which declined to £52 billion. However, despite this we delivered a robust performance and continued to generate significant new asset inflows from clients, with net inflows of £531 million in the quarter, up 6.2% on the same period last year (Q3 2021: £500 million). Alongside new business and operating income growth from our Financial Services division, our Professional Services business continued to deliver excellent performance. Progress across both our key divisions fed through to Group operating income of £151.7 million in Q3, up 8.0% compared to the third quarter of 2021, and 6.2% ahead for the nine-months to 30 September compared to the same period last year. The performance demonstrates the resilience of our unique business model, and the importance of our role as trusted adviser to both our private and businesses clients.
“Sound financial advice is particularly highly valued in difficult macroeconomic conditions, and we continue to guide our clients through this period of uncertainty. As a firm we are continuing to invest in growing the business and believe that the breadth of our offering and the calibre of our team positions us well for the future.”
Assets under Management & Advice (£ bn)
Operating Income (£ m)
Evelyn Partners was created in 2020 through the merger of Tilney and Smith & Williamson. With £63.0 billion of assets under management (as at 31 December 2024), we are one of the largest UK wealth managers ranked by client assets.
Through an extensive network of offices across 25 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands, we support private clients, family trusts and charities, as well as provide investment solutions to financial intermediaries. Our diverse client base includes entrepreneurs, C-suite senior managers and partners of professional firms.
Our expertise span both award-winning financial planning and investment management, enabling us to offer clients a truly holistic dual expert wealth management service. Through Bestinvest, we also provide an online investment platform and coaching service, for self-directed investors, consistent with our purpose of ‘placing the power of good advice into more hands’.
Some of our Financial Services calls are recorded for regulatory and other purposes. Find out more about how we use your personal information in our privacy notice.
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