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Evelyn Partners has posted record inflows of £3.8bn, up 40% year-on-year, for the six months ended 30 June.
Furthermore, the company’s net flows increased by 63.6% to £1.8bn, up from £1.1bn in the same period last year.
The company posted an adjusted EBITDA of £87.8m for the period, a slight increase on the £86.2m it posted in the same period last year.
The company’s H1 gross inflows were at an annualised growth rate of 14.3% and its net flows grew at an annualised rate of 6.8% a 4.9% and 2.8% increase respectively.
Evelyn’s assets under management and advice grew to £54.9bn by 30 June compared with £52.7bn around the same time last year.
Chris Woodhouse, group chief executive, said: “Despite the continued challenges in the macro-environment of high inflation and rising borrowing costs, we had an excellent start to the year in delivering strong organic growth.
“We had a record quarter for new business in Q2, which followed a very strong Q1. Over the first half of the year, we delivered £3.8bn of gross inflows, and on a net basis we saw inflows of £1.8bn, demonstrating the value of the advice we provide.”
He added: “Net flows in the first half of the year were 63.6% higher than the same period last year and were at an annualised growth rate of 6.8% based on opening assets. Our strength in asset gathering reflects strong demand for our advice-led services, our growing presence as a partner for IFAs, and the quality and ambition of our people.
“We are building momentum across our business. Alongside growth in new client assets, operating income increased by 12.6%, with strong growth in both Financial Services and Professional Services.”
