Wealth management firm Evelyn Partners is set to sell its funds solutions business to Thesis Holdings for an undisclosed sum.
Due to complete during the first half of this year, the transaction will see around 75 Evelyn staff, who currently work at independent authorised corporate director (ACD) Evelyn Partners Funds Solutions (EPFS), join Thesis as part of the transaction. With assets under governance of £10.6bn (as of 31 December 2024), EPFS will add to the current £40bn of assets overseen by the 1997-established operator of funds, Thesis. Thesis currently manages 170 funds and said that "with the acquisition of EPFS, it will now be able to provide even greater choice". Evelyn group CEO Paul Geddes s...
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