Advice drives 12.6% rise in operating income for Evelyn Partners

Clients ‘see the value of advice’

Evelyn Partners has reported a 12.6% increase in its operating income in the six months to June 2023, with assets under management and advice growing to £54.9bn.

Group operating income totalled £327.2m during the period, with 9.7% growth in financial services as "clients continued to see the value of expert advice", the firm said. Evelyn Partners buys City of London boutique Dart Capital Over the first half of the year, the firm delivered £3.8bn of gross inflows, up 40% year-on-year, which it said was due to "the value of the advice it provides". Meanwhile, net inflows reached £1.8bn, marking a 63.6% increase from £1.1bn in H1 last year. Adjusted earnings before interest, taxes, depreciation and amortisation increased to £87.8m, comp...