Evelyn Partners saw its inflows grow 45 per cent year-on-year in the first three months of 2023.
The wealth manager saw £673mn in net inflows in Q1 this year, according to a statement issued to the stock exchange this morning (April 26).
Gross inflows were £1.7bn, up 20 per cent from the previous year, and assets under management and advice rose £1.4bn to £54.4bn over the quarter.
Chris Woodhouse, group chief executive, said the company’s strong new business generation is testament to the strength of its advice-led model.
“We believe that the combination of having financial planners and investment managers working together to support clients is very powerful.
“Our strength is rooted in the quality of our people and our distinctive model which integrates investment management and financial planning and our ability to support clients with their personal wealth and business interests.”
Group operating income rose 11 per cent to £162.5mn, with growth in income in the group’s professional services division growing 45 per cent.
sally.hickey@ft.com
