UK wealth management and professional services group Evelyn Partners has partnered with Door, the global digital due diligence and risk management platform.

Door said this week that Evelyn Partners has adopted its fund due diligence platform.  

According to the firm, Tilney Smith & Williamson rebranded to Evelyn Partners in June, to join it’s two merged businesses under a single unified brand. Door helps Evelyn Partners consolidate its fund due diligence and research processes onto a single platform, ensuring a common research language across the group for a fuller understanding of existing investments, the firm explained.

Door’s digital platform improves workflows and enhances the quality of engagement. Its technology enables Evelyn Partners to access historical data and track changes over time – helping the wealth manager meet key regulatory requirements and reduce risk, the firm added.

System alerts when fund managers make changes to content will help Evelyn Partners stay on top of important updates and respond promptly to any issues that impact obligations to end clients, the firm added.

This partnership will also facilitate Evelyn Partners’ engagement with City Hive’s ACT Framework.

Genevra Banszky von Ambroz, partner and co-chair of the Collective Investments Group at Evelyn Partners said: “Door’s platform recreates our existing due diligence questionnaires from globally recognised standard questions. This allows us to access the information we need from our managers, reduces repetitive work, and helps our asset manager partners scale their services with multiple clients.”

Evelyn Partners has £55.8 billion ($66.8 billion) of assets under management, ranking as the second largest UK wealth manager measured by EBITDA, with offices across 25 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands.