Evelyn Partners’ assets under management (AUM) 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. 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 tax depreciation and amortization (EBITDA) of £86.2m, do...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes