Wealth management giant Evelyn Partners saw strong gross inflows of £3.7bn in the first half of this year, taking its assets under management (AUM) to a record high of £64.6bn, up from £62bn last year.
Net flows were £692m, a hefty 62.1% higher than the £427m recorded over the same period last year.
“Against a backdrop of global macroeconomic uncertainty and outbreaks of market volatility, we’ve had a good performance year to date in 2025 while also successfully completing the sales of our Professional Services and Fund Solutions businesses,” said Paul Geddes, chief executive of the company.
“In May 2025, we launched a number of proposition initiatives to support both direct clients and grow our presence in the financial adviser market. These included launching our Cash & Cautious Bond strategy and our low-cost Index MPS range into the IFA market. These solutions have attracted strong interest and will help drive further growth in the second half of the year.”
He added that upcoming changes to inheritance tax (IHT), including bringing pension assets in the scope of IHT from April 2027, have continued to be “a key area of discussion with clients”, with mounting speculation around further tax-raising measures leading to “high levels of engagement across new and existing clients”.
Earlier this month, International Adviser revealed Evelyn is set to introduce a minimum fee for its discretionary portfolio service (DPS) to “reflect its higher costs to deliver”.
