A Q3 year-on-year uptick in group operating income and net new asset inflows are an indicator of “robust performance” for Evelyn Partners despite a £4bn drop in assets under management and advice (AUMA), chief executive Chris Woodhouse says.
The wealth manager and financial planning firm today (7 November) published its third quarter results for 2022 which show AUMA sitting at £52bn as of 30 September. This is down from £56bn in at the end of Q3 last year, which the firm attributed to difficult market movements. "The challenging macroeconomic environment continued into the third quarter, with adverse market movements impacting AUMA," Woodhouse said. "However, despite this we delivered a robust performance and continued to generate significant new asset inflows from clients, with net inflows of £531m in the quarter, up 6.2...
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