UK wealth manager reported a record £67 billion ($88 billion) in assets under management, with £2.1 billion of gross new assets in the third quarter of 2025. To capitalise on this, the firm has appointed Ben Pashley as chief AI officer.

UK wealth manager Evelyn Partners reported that its assets under management (AUM) increased to a high of £67 billion ($88 billion) at 30 September. This is a rise of 3.8 per cent over the quarter and 7.3 per cent year-on-year from £62.5 billion the previous year, driven by positive market movements and net inflows.

Gross inflows reached £2.1 billion in the third quarter, 17.6 per cent higher than the prior quarter at £1.7 billion and 5.6 per cent higher than the same period last year at £1.9 billion. Net inflows in the third quarter remained positive at £269 million, up 20.5 per cent year-on-year from £223 million.

A new platform will enable the firm to realise the transformational potential of artificial intelligence. To capitalise on this, the firm has appointed Ben Pashley as chief AI officer from 1 December. Pashley will be joining from Aspen Insurance Group where he has served as senior vice president, global head of AI. He brings over 20 years’ experience in the design and delivery of high impact technology solutions, with experience in applying advanced machine learning techniques across the financial services, healthcare and government sectors.

Paul Geddes (pictured), chief executive, said gross inflows reached £2.1 billion in the third quarter, representing an annualised rate of 12.7 per cent.

“The quarter also saw us kick off the final phase of a major system integration programme which will result in all our 600+ practitioners operating off the same industry-leading, integrated financial planning and investment management platform,” Geddes said. “The platform is live across all our UK locations, with most teams already on it including all our financial planners, and with the final migrations to be completed at the start of next year. The completion of this strategic project will unlock significant value, resulting in a single view of the client for both our financial planners and investment managers that will support the delivery and growth of our Total Wealth Management service.”  

“The completion of this project also lays the foundations for us to realise the transformational potential of AI, from client insights and analytics to improvements in productivity and efficiency that will free up more time for our client-facing colleagues to spend with clients,” Geddes added.