Evelyn Partners’ AUMA falls to £62bn; net flows remain positive

Evelyn Partners’ assets under management and advice (AUMA) fell by £1.1bn to £61.9bn in the first quarter of 2025, its latest trading update has revealed.

The wealth management firm said that the reduction in AUMA reflected the impact of adverse market movements in the first three months of the year.

Its gross inflows were £2bn in Q1 2025, an increase of 11% compared to the first quarter in 2024, equivalent to an annualised growth rate of 12.7% based on opening assets.

Net flows remained positive at £345m, up from £266m in Q1 2024, although withdrawals continued to be “elevated” due to the macroeconomic and fiscal environment.

"In Q1 we continued to generate significant volumes of gross new money despite volatile markets, generating £2bn of gross inflows,” commented chief executive officer at Evelyn Partners, Paul Geddes.

"Outflows remained elevated as some clients drew down on portfolios to fund goals including paying down mortgages, paying tax bills and gifting assets.

"Despite this, net flows remained positive at £345m, up from £266m in Q1 last year. This continues our track record of consistent net inflows every quarter since Evelyn Partners was created from the merger of Tilney and Smith & Williamson in September 2020."

Geddes noted that client engagement levels were very high due to the tax and pension changes announced in the October Budget, particularly in relation to bringing unused pension pots into scope of inheritance tax from 2027 and recent market volatility.

"Alongside direct contact between clients and their financial planner or investment manager, in Q1 we saw a fivefold increase in the average number of attendees at our events compared to last year and email open rates were double the industry benchmark," he added.

"While portfolios have been impacted by equity market volatility, our diversified, multi-asset approach has helped clients to weather recent turbulence."

At the end of Q1, Evelyn Partners completed the sale of its professional services business to funds advised by Apax Partners, as the firm looked to focus solely on wealth management.

"The first quarter marked an important milestone for us,” said Geddes. “On 27 January we announced a deal to sell our fund solutions arm and on 31 March we successfully completed the sale of our professional services business.

"These transactions see Evelyn Partners now focused exclusively on wealth management, supporting clients with both financial planning advice and investment management."



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.


Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.