Evelyn Partners
{{Short description|Financial services company}}
{{Infobox company
| name = Evelyn Partners
| logo = Evelyn Partners Logo.svg
| logo_caption =
| logo_upright =
| logo_alt =
| type = Limited Company
| industry = Wealth Management, Investment Management, Financial Planning
| predecessor =
| founded = {{Start date and age|1836}}
| founder =
| defunct =
| fate =
| successor =
| hq_location_city = London
| hq_location_country = United Kingdom
| area_served = {{Unbulleted list|United Kingdom|Republic of Ireland}}
| key_people = {{Unbulleted list|Paul Geddes (businessman) (CEO)|Chris Grigg (chairman)}}
| products =
| owners = Permira, Warburg Pincus
| aum = {{increase}} £62.2 billion {{small|(2024)}}{{Cite web |last=Nazir |first=Sahar |date=2024-08-13 |title=Evelyn Partners hits record AUM of £62.2bn amid 'positive market movements' |url=https://www.investmentweek.co.uk/news/4346268/evelyn-partners-hits-record-aum-gbp62-2bn-amid-positive-market-movements |access-date=2025-06-09 |website=investmentweek.co.uk |language=en |quote=Evelyn Partners has recorded an 18.3% increase in adjusted EBITDA and a new record in assets under management (AUM), which reached £62.2bn for the first half of 2024.}}
| parent =
| website = [https://evelyn.com/ evelyn.com]
}}
Evelyn Partners is a wealth management company based in the United Kingdom offering financial planning and investment management services.{{cite web |title=Evelyn Partner Services |url=https://www.evelyn.com/services/ |website=Evelyn Partners}} It is formerly known as Tilney Smith & Williamson,{{cite news |last=Hinchliffe |first=Ruby |date=2022-03-01 |title=Tilney Smith & Williamson to rebrand as Evelyn Partners |url=https://www.ftadviser.com/investments/2022/03/01/tilney-smith-williamson-to-rebrand-as-evelyn-partners/ |work=FT Adviser |location= |access-date=}}{{cite web |url=https://www.permira.com/media-centre/news/tilney-smith-williamson-announces-record-financial-results-and-excellent-progress-with-the-integration-in-the-first-full-year-since-completion-of-its-merger/ |title=Tilney Smith & Williamson announces record financial results and excellent progress with the integration in the first full year since completion of its merger |last= |first= |date=2022-03-01 |website=permira.com |publisher= |access-date= |quote=}} which was the result of a 2020 merger{{cite news |last=Baker |first=Hannah |date=2020-09-01 |title=Smith & Williamson and Tilney complete merger to become UK's third-largest wealth management firm |url=https://www.business-live.co.uk/professional-services/smith--williamson-tilney-complete-18859295 |work=Business Live |location= |access-date=}} between Tilney and Smith & Williamson. The group also operates the online investment service Bestinvest.{{cite news |last=Andrieux |first=Jean-Baptiste |date=2022-03-01 |title=Tilney Smith & Williamson to rebrand as Evelyn Partners |work=Money Marketing |location= |url=https://www.moneymarketing.co.uk/news/tilney-smith-williamson-to-rebrand-as-evelyn-partners/ |access-date=}}
With £63.0 billion in assets under management,{{cite web |title=Evelyn Partners FY 2024 Results – record closing AUM of £63bn, adjusted EBITDA of £174.3mn |date=27 March 2025 |url=https://ifamagazine.com/evelyn-partners-fy-2024-results-record-closing-aum-of-63bn-adjusted-ebitda-of-174-3mn/}} it is a UK leader in wealth management.{{cite web |title=Who are the 10 best wealth management firms in the UK? |url=https://www.unbiased.co.uk/discover/personal-finance/savings-investing/who-are-the-10-best-uk-wealth-management-firms-in-the-uk}}
History
Tilney was founded in 1836 in Liverpool as a company for dealing in stocks and shares. It remained an independent business for 150 years, until it was acquired by Charterhouse Group (then owned by the Royal Bank of Scotland).{{Cite web |date=2014-02-27 |title=How one private equity firm's giving Tilney another chance |url=https://www.cityam.com/how-one-private-equity-firm-s-giving-tilney-another-chance/ |access-date=2023-01-10 |website=CityAM |language=en-GB}} In 2005, it was bought out by management in a deal backed by private equity investor Bridgepoint Capital, and in 2007 it was bought by Deutsche Bank.{{Cite web |title=Bridgepoint Buys Tilney |url=https://www.wealthbriefing.com/html/article.php?id=761#.Y5hV03bP2zU |access-date=2024-03-25 |website=www.wealthbriefing.com}}{{Cite news |date=August 9, 2007 |title=Deutsche Bank to buy Tilney Group |url=https://www.reuters.com/article/financial-tilney-idUKNOA04267520061020/ |work=Reuters}} In 2014 it was merged with Bestinvest with the backing of investment group Permira.{{Cite news |date=2014-02-27 |title=Permira agrees to buy Tilney, creating 9 billion pound UK wealth manager |language=en |work=Reuters |url=https://www.reuters.com/article/uk-permira-tilney-idUKBREA1Q19820140227 |access-date=2023-04-17}}{{Cite news |date=7 November 2013 |title=Permira acquires Bestinvest |work=Private Equity Wire |url=https://www.privateequitywire.co.uk/2013/11/07/192616/permira-acquires-bestinvest}}
Smith & Williamson was founded in 1881 in Glasgow, by David Johnstone Smith and Andrew Williamson.{{Cite web |last=Catchpole |first=Lewis |date=2022-02-08 |title=Tilney Smith & Williamson |url=https://www.accountancytoday.co.uk/smith-williamson/ |access-date=2023-01-10 |website=Accountancy Today |language=en-GB}} Over the years, the firm grew through a series of mergers and acquisitions, including the acquisitions of Belfast-based investment management firm Cunningham Coates in 2001{{Cite web |date=2020-08-27 |title=Belfast's Cunningham Coates rebrands as Smith & Williamson |url=https://www.irishnews.com/business/2020/08/27/news/belfast-s-cunningham-coates-rebrands-as-smith-williamson-2048316/ |access-date=2024-03-25 |website=The Irish News |language=en}} and accountancy firm Solomon Hare in 2005.{{Cite web |date=2005-06-06 |title=Smith & Williamson merges with Soloman Hare |url=https://www.investmentweek.co.uk/investment-week/news/1398062/smith-williamson-merges-soloman-hare |url-access=subscription |access-date=2025-06-09 |website=investmentweek.co.uk |language=en |quote=Smith & Williamson has merged with Solomon Hare to become the eighth largest firm in the UK's accountancy and financial advisory market.}}{{Cite news |date=27 August 2020 |title=Belfast’s Cunningham Coates rebrands as Smith & Williamson |url=https://www.irishnews.com/business/2020/08/27/news/belfast-s-cunningham-coates-rebrands-as-smith-williamson-2048316/#:~:text=Belfast%27s%20Cunningham%20Coates%20rebrands%20as%20Smith%20&%20Williamson%20%E2%80%93%20The%20Irish%20News. |url-access=subscription |access-date=9 June 2025 |work=The Irish News}}
In 2020 Tilney merged with Smith & Williamson to create the Tilney Smith & Williamson group{{Cite web |title=Tilney and Smith & Williamson complete merger |url=https://www.permira.com/about/news/tilney-and-smith-williamson-complete-merger/ |access-date=2023-01-10 |website=www.permira.com}}{{Cite news |last=Thorpe |first=David |date=19 September 2019 |title=Tilney buys Smith & Williamson in £625m deal |work=FT Adviser |url=https://www.ftadviser.com/investments/2019/09/19/tilney-buys-smith-and-williamson-in-625m-deal/}} in a transaction backed by existing investor Permira and private equity firm Warburg Pincus.{{Cite news |last=Gyftopoulou |first=Loukia |date=1 June 2020 |title=Warburg Pincus injects £250m to save Tilney/S&W deal |url=https://citywire.com/wealth-manager/news/warburg-pincus-injects-250m-to-save-tilney-or-s-and-w-deal/a1362069 |url-access=registration |work=Citywire |quote=Warburg Pincus is injecting around £250m into the merger of Tilney and Smith & Williamson to help get the deal over the line.}}
In 2022, the company rebranded to Evelyn Partners, retaining Bestinvest as a separate brand ("Bestinvest by Evelyn Partners").{{Cite news |last=Reichman |first=Carmen |date=14 June 2022 |title=Tilney Smith & Williamson becomes Evelyn Partners |work=FT Adviser |url=https://www.ftadviser.com/ftadviser-focus/2022/06/14/tilney-smith-williamson-becomes-evelyn-partners/}}
On 1 November 2024, as part of the rapid expansion of their professional services arm, Evelyn Partners acquired London-based restructuring specialist, Resolve Advisory, which included the transfer of 60 members of staff and partners.{{Cite web |title=Evelyn Partners acquires ReSolve in London |url=https://globalrestructuringreview.com/article/evelyn-partners-acquires-resolve-in-london |access-date=2025-06-12 |website=globalrestructuringreview.com |language=en}}{{Cite news |last=White |first=Sara |date=October 2024 |title=Evelyn partners acquires ReSolve advisory |url=https://www.proquest.com/docview/3134906483 |access-date=12 June 2025 |work=Accountancy |publisher=The Financial Times Limited |via=Proquest |issn=00014664 |id={{ProQuest|3134906483}} |quote=Evelyn Partners, a private equity-backed firm, has acquired restructuring specialist Resolve Advisory.}}
In 2025, Evelyn Partners sold its Professional Services business to Apax Partners LLP. The business was rebranded as S&W, reflecting the legacy of Smith & Williamson.{{cite news|title=Evelyn Partners to complete the sale of professional services business |url=https://www.moneymarketing.co.uk/news/evelyn-partners-to-complete-the-sale-of-professional-services-business-to-funds/ |publisher=Moneymarketing}}
From May 2025, Evelyn Partners will provide investment management and financial planning advice to Saracens. The new multi-year partnership deal will enable both male and female professional players to access wealth management and tailored financial coaching that extends from the period during their rugby careers to retirement and beyond.{{Cite web |last=Walmsley |first=Charles |date=29 May 2025 |title=Evelyn signs wealth management partnership with Saracens |url=https://citywire.com/new-model-adviser/news/evelyn-signs-wealth-management-partnership-with-saracens/a2466819 |url-access=registration |access-date=2025-06-12 |website=citywire.com |quote=Deal will aim to recruit ex-players as wealth managers from the men's and women's teams.}}
Operations
The company provides wealth management, financial planning and investment management services to individuals, entrepreneurs, charities and intermediaries.{{Cite web |title=Services |url=https://www.evelyn.com/services/ |access-date=2022-12-13 |website=Evelyn Partners |language=en}}
It operates offices in 25 cities in the UK, as well as in the Republic of Ireland, and the Channel Islands.{{Cite web |last=Moran |first=Liam J. |date=2025-05-29 |title=Evelyn Partners signs wealth management deal with Saracens |url=https://www.accountancytoday.co.uk/2025/05/29/evelyn-partners-signs-wealth-management-deal-with-saracens/ |url-access=registration |access-date=2025-06-09 |website=Accountancy Today |language=en-GB |quote=Evelyn has offices across 25 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands...}} Its headquarters is in Gresham Street, in the City of London.{{Cite web |title=Evelyn Partners Financial Planning Limited |url=https://find-and-update.company-information.service.gov.uk/company/00607039 |access-date=2025-06-09 |website=Companies House |language=en}}
References
{{Reflist}}
External links
- [https://evelyn.com Company website]
Category:Financial services companies based in London
Category:Warburg Pincus companies
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