Evelyn Partners has recorded an 18.3% increase in adjusted EBITDA and a new record in assets under management (AUM), which reached £62.2bn for the first half of 2024.
For the six months ending June 30, 2024, the firm generated £3.5bn in gross inflows, with net flows remaining positive. The company's cost management and growth in operating income also contributed to a rise in adjusted EBITDA, which amounted to £103.9m. Evelyn Partners said its AUM increased 13.3% year-on-year, marking a 5.2% rise since December 31, 2023. The company said positive market movements, and a strong investment performance contributed £2.6bn to the increase in AUM, compared to £100m in H1 2023. Meanwhile, group operating income rose by 10.3% to £360.8m, driven by a 23.4...
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