Evelyn Partners has acquired Liverpool-based boutique wealth manager Millen Capital for an undisclosed sum.
The acquisition will see a total of five people move across from Millen Capital to Evelyn Partners, including founding partner Angus Millen as well as Gareth Lyttle, Vicki Harper, Linda O’Neill and Ruby Leigh.
This is the 10th firm to join as part of Evelyn Partner’s succession planning scheme.
Richard Dawes, head of strategic partnerships at Evelyn Partners, said: “I’m delighted that Angus and the team are joining Evelyn Partners. This is the 10th deal in our adviser succession scheme which provides business owners with a long-term home for their clients and team.
“Clients will continue to enjoy an excellent, personalised service from the team while at the same time benefitting from our unrivalled range of bespoke service and the heavy investments we have made to technology.”
Millen added: “I’ve long admired Evelyn Partners’ approach, service ethic and performance and I’m proud they found the same values here at Millen Capital after approaching us about a potential collaboration. Their extensive experience and financial rigour provide me with great comfort, particularly during these turbulent economic times.
“Evelyn Partners’ additional skills and expertise will complement our own and ensure we continue to nurture, preserve, and grow our clients’ wealth. We are excited for the future and look forward to continuing to serve our clients in our new home.”
This deal comes after Evelyn Partners acquired Glasgow-based wealth management firm PPM Wealth last month as part of the succession programme.