As well as "successfully" completing the sales of its professional services and fund solutions businesses, the firm said that net flows in H1 2025 showed a 62.1 per cent increase on the same period last year.

UK wealth manager Evelyn Partners closed the first half of 2025 at a record high of £64.6 billion ($87 billion), compared with £62.0 billion at the same time in 2024.

Evelyn Partners generated £3.7 billion of gross new assets in the first half of 2025 while gross inflows of £3.7 billion were 7 per cent higher year-on-year. Net flows of £692 million were also 62.1 per cent higher in the first half of 2025 year-on-year.

“Against a backdrop of global macroeconomic uncertainty and outbreaks of market volatility, we’ve had a good performance year to date in 2025 while also successfully completing the sales of our professional services and fund solutions businesses,” Paul Geddes, chief executive, said. “The first six months of the year saw gross inflows of £3.7 billion. Outflows, however, were also elevated reflecting the challenges faced by clients, including paying tax bills, reducing mortgages and gifting to reduce IHT liabilities; but we did see a reduction in outflows in the second quarter compared to the prior quarter.”

“As a proportion of AuM, Q2 outflows were lower than in both Q1 2025 and Q2 2024. Net flows in H1 2025 remained strongly positive at £692 million, a 62.1 per cent increase on the same period last year and we have maintained our track record of consistently delivering net inflows every quarter since the merger to create Evelyn Partners in 2020.

“In May 2025, we launched a number of proposition initiatives to support both direct clients and grow our presence in the financial advisor market. These included launching our Cash & Cautious Bond strategy and our low-cost Index MPS range into the IFA market. These solutions have attracted strong interest and will help drive further growth in the second half of the year.

“The changes to personal taxation announced in the October 2024 Budget, including the planned inclusion of unspent pension assets within the scope of Inheritance Tax (IHT) from April 2027, continue to be key areas of discussion with clients. With speculation mounting about further tax raising measures, there are high levels of engagement across new and existing clients and strong growth in our dual expert proposition where clients receive the support of both a financial planner and investment manager working together to deliver an integrated and holistic wealth management service,” Geddes said.