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Evelyn Partners has reported record assets under management (AUM) of £67bn for the three months to 30 September, a 3.8% increase on the previous quarter and a 7.3% rise year-on-year.
The group recorded £2.1bn of gross inflows during the period, up 17.6% from £1.7bn in the second quarter and 5.6% higher than the £1.9bn reported in the same quarter last year.
Net inflows also rose 20.5% year-on-year to £269m.
Chief executive Paul Geddes said the performance was driven by “positive market movements and continued net inflows”, adding that the firm had delivered positive net inflows every quarter since its creation in 2020.
During the quarter, Evelyn Partners entered the final phase of a major systems integration project to bring its financial planning and investment management operations onto a single technology platform.
The project, due to complete early next year, will give more than 600 practitioners a unified view of client information and improve access to tools such as Aladdin Wealth, a risk management and portfolio optimisation platform.
According to Evelyn Partners, the new platform would also underpin its approach to artificial intelligence, with potential applications in client analytics, productivity and service delivery.
To lead its AI strategy, the firm has appointed Ben Pashley as chief AI officer. He will join the business on 1 December in the newly created role.
Geddes, chief executive of Evelyn Partners, said: “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. Clients continue to turn to Evelyn Partners for trusted advice, and we remain well positioned to serve them through our Total Wealth Management service.”
