Assets under management for wealth manager and Financial Planner Evelyn Partners climbed to a record £67bn in the three months to the end of September as it reported a major systems integration project which will allow it to focus more on AI.

The AUM was up 3.8% over the quarter and a rise of 7.3% compared to the £62.5bn in the third quarter of 2024.

Gross inflows in the three months were £2.1bn, up 17.6% from the £1.7bn in the previous quarter and up 5.6% year-on-year from £1.9bn in the same period in 2024.

Net inflows remained positive at £269m, up 20.5% year on year, the company said in a trading update published today.

Paul Geddes, chief executive at Evelyn, said: “We continue to support our clients through a financial landscape that is evolving with changes to tax and pensions, as well as uncertainty caused by the upcoming Budget.”

Evelyn Partners Assets under Management & Advice (£ billions)


^{Source: Evelyn Partners}

Mr Geddes said the quarter saw the firm “kick off the final phase of a major system integration programme which will result in all our 600+ practitioners operating off the same integrated Financial Planning and Investment Management platform.”

He added: “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.”

The firm has appointed Ben Pashley to the newly created role of chief AI officer. Mr Pashley, currently global head of AI at Aspen Insurance Group,  will be joining the firm on 1 December to lead its AI strategy.