Evelyn Partners’ assets under management dropped to £52.7bn for the first half of the year, from an all-time high of £57.7bn in 2021, according to the firm’s interim results.
The firm cited "the impact of market declines" as a reason for 8.7% drop in AUM. It also reported gross and net inflows of £2.7bn and £1.1bn respectively, which were up 12% as compared to H1 2021. "This growth is a testament to the strength of our proposition, the breadth and reach of our distribution, and the quality of our people," said Chris Woodhouse, group CEO. Tilney Smith & Williamson rebrands to Evelyn Partners The firm's operating income increased to £290.5m, up 5.3% from £275.9m in the first half of the previous year. However, it reported adjusted earnings before interest...
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