Tilney Smith & Williamson AUM shrinks despite continued inflows

“Challenging market conditions”

Tilney Smith & Williamson has seen its assets under management fall £1.9bn over the past quarter, despite net inflows of £0.5bn over the same three months, according to its latest trading update.

Group chief executive of the firm, which will adopt its new name Evelyn Partners over the summer, Chris Woodhouse attributed the AUM fall to "tougher market conditions," although the £55.8bn figure is...