The firm, with a history dating back more than a century, has grown via mergers and acquisitions and is shifting to a new brand identity. It has also reported a robust set of financial results for 2021.

Tilney Smith & Williamson, the UK-wealth management house which has grown via mergers and acquisitions in recent years, is rebranding under the name Evelyn Partners. 

The group said that assets under management rose by 12.7 per cent during 2021 to an all-time high of £57.7 billion ($77.3 billion). The firm logged gross new business inflows of £6 billion, with net new inflows at £2.5 billion. Gross operating income rose 83.4 per cent year-on-year to £560.8 billion.

Earnings before interest, taxation, depreciation and amortisation rose 63.3 per cent to £188.4 million, the firm said in a statement earlier this week. 

The integration of the Tilney business with the Smith & Williamson organisation is now substantially completed, it said. The group is moving to the brand Evelyn Partners, taking the name from the roots of the business. One of the founders, Andrew Williamson, hailed from Evelyn Gardens, London.

Following the group rebrand this year, Bestinvest – part of the group – will be retained as a separate brand: Bestinvest by Evelyn Partners.