Evelyn Partners’ assets under management (AUM) dropped to £52.7bn for the first half of the year, from an all-time high of £57.7bn in 2021, according to the firm’s interim results.
The firm cited "the impact of market declines" as a reason for 8.7% drop in AUM. It also reported gross and net inflows of £2.7bn and £1.1bn respectively, which were up 12% as compared to H1 2021. "This growth is a testament to the strength of our proposition, the breadth and reach of our distribution, and the quality of our people," said Chris Woodhouse, group CEO. The firm's operating income increased to £290.5m, up 5.3% from £275.9m in the first half of the previous year. However, it reported adjusted earnings before interest tax depreciation and amortization (EBITDA) of £86.2m, do...
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