Evelyn Partners has reported a 7.3% annual rise in assets under management (AuM) to a record high £67bn in Q3.

The wealth manager also posted a 3.8% jump in AuM from the previous quarter.

Evelyn Partners, which was created in 2020 following the merger of Tilney and Smith & Williamson, said it was making “continued strategic progress” as it entered the final phase of a major systems integration project in Q3. The company confirmed that it would complete this move in the coming months which will see all its client facing teams on the same integrated financial planning and investment management platform by the start of 2026.

The Q3 period also saw Evelyn Partners record positive net inflows of £269m, a figure up 20.5% compared to the same quarter last year, when net inflows were £223m.

The group’s gross inflows of £2.1bn in Q3 were 17.6% higher against the previous quarter, which saw £1.7bn, as well as 5.6% up on the same period last year, when gross inflows reached £1.9bn.

Evelyn Partners chief executive, Paul Geddes, said the growth in AuM was driven by “positive market movements and continued net inflows”.

“Gross inflows reached £2.1bn, representing an annualised rate of 12.7% and the strength of our proposition is underscored by our consistent track record of having delivered net inflows every quarter since the creation of Evelyn Partners in 2020,” Geddes added.

“We continue to support our clients through a financial landscape that is evolving with changes to tax and pensions, as well as uncertainty caused by the upcoming Budget. I am proud of, and encouraged by, the level of engagement with our clients through changing market conditions.”

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