Evelyn Partners: Third quarter trading update

Chris Woodhouse, Chief Executive of Evelyn Partners

Evelyn Partners announces continued positive new business inflows and growth in operating income  

Evelyn Partners has announced a trading update for the three months ended 30 September 2022. The business has delivered an uplift in operating income and continued strong new business inflows, against a backdrop of ongoing macroeconomic uncertainty and market volatility. 


  • Group operating income in Q3 of £151.7 million was ahead of the same period last year (Q3 2021: £140.4 million), driven by continued growth in both Financial Services and Professional Services
  • Net new asset inflows of £531.0 million in Q3 increased by 6.2% compared to the same period last year (Q3 2021: £500.0 million), equivalent to an annualised growth rate of 4% of opening assets
  • Assets under Management & Advice (AuMA) were £52.0 billion at 30 September 2022 reflecting market movements (30 September 2021: £56.0 billion)


Chris Woodhouse (pictured), Group Chief Executive, commented: “The challenging macroeconomic environment continued into the third quarter, with adverse market movements impacting AuMA, which declined to £52 billion. However, despite this we delivered a robust performance and continued to generate significant new asset inflows from clients, with net inflows of £531 million in the quarter, up 6.2% on the same period last year (Q3 2021: £500 million). Alongside new business and operating income growth from our Financial Services division, our Professional Services business continued to deliver excellent performance. Progress across both our key divisions fed through to Group operating income of £151.7 million in Q3, up 8.0% compared to the third quarter of 2021, and 6.2% ahead for the nine-months to 30 September compared to the same period last year. The performance demonstrates the resilience of our unique business model, and the importance of our role as trusted adviser to both our private and business clients.  

“Sound financial advice is particularly highly valued in difficult macroeconomic conditions, and we continue to guide our clients through this period of uncertainty. As a firm we are continuing to invest in growing the business and believe that the breadth of our offering and the calibre of our team positions us well for the future.”

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