The latest mergers, acquisitions and other corporate actions in the wealth management sector.

UK-based wealth management and professional services group Evelyn Partners has agreed to acquire Dart Capital, a boutique wealth manager based in the City of London. The transaction, which is subject to regulatory approval, is expected to complete later this year.

Dart Capital, incorporated in 1987, has been led by chief executive Richard Whitehead since a management buyout in in 2008. Since that year, it has grown its assets under management from £120 million ($150.9 million) to £739 million, as at 6 June 2023. The 19-strong Dart Capital team provide personalised advice and discretionary investment management services for a client base which includes the partners of large accountancy and law firms, senior executives, business owners and retirees.

“Richard and his team have built an impressive business over many years that supports a top-tier client base. We are delighted that they have chosen to become part of Evelyn Partners at an exciting time of growth and development for the group. The cultural fit between the two business is excellent, with both firms focused on understanding the needs of our clients and delivering a highly personalised service,” Chris Woodhouse, group chief executive of Evelyn Partners, said.

“Both companies champion similar core values, and we are confident in the opportunity of growth and investment that this exciting development presents for our clients and the company. Evelyn Partners’ additional depth and breadth of resource will help us continue to nurture, preserve, and grow our clients’ wealth,” Richard Whitehead, chief executive of Dart Capital, said.