Evelyn Partners
 | |
| Company type | Limited Company |
|---|---|
| Industry | Wealth Management, Investment Management, Financial Planning |
| Founded | 1836 |
| Headquarters | London , United Kingdom |
Area served | |
Key people | |
| AUM |  £62.2 billion (2024)[1] |
| Owners | Permira, Warburg Pincus |
| Website | evelyn.com |
Evelyn Partners is a wealth management company based in the United Kingdom offering financial planning and investment management services.[2] It is formerly known as Tilney Smith & Williamson,[3][4] which was the result of a 2020 merger[5] between Tilney and Smith & Williamson. The group also operates the online investment service Bestinvest.[6]
With £63.0 billion in assets under management,[7] it is a UK leader in wealth management.[8]
History
[edit]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).[9] 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.[10][11] In 2014 it was merged with Bestinvest with the backing of investment group Permira. [12][13]
Smith & Williamson was founded in 1881 in Glasgow, by David Johnstone Smith and Andrew Williamson.[14] 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[15] and accountancy firm Solomon Hare in 2005.[16][17]
In 2020 Tilney merged with Smith & Williamson to create the Tilney Smith & Williamson group[18][19] in a transaction backed by existing investor Permira and private equity firm Warburg Pincus.[20]
In 2022, the company rebranded to Evelyn Partners, retaining Bestinvest as a separate brand ("Bestinvest by Evelyn Partners").[21]
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.[22]
Operations
[edit]The company provides wealth management, financial planning and investment management services to individuals, entrepreneurs, charities and intermediaries.[23]
It operates offices in 25 cities in the UK, as well as in the Republic of Ireland, and the Channel Islands.[24] Its headquarters is in Gresham Street, in the City of London.[25]
References
[edit]- ^ Nazir, Sahar (2024-08-13). "Evelyn Partners hits record AUM of £62.2bn amid 'positive market movements'". investmentweek.co.uk. Retrieved 2025-06-09.
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.
- ^ "Evelyn Partner Services". Evelyn Partners.
- ^ Hinchliffe, Ruby (2022-03-01). "Tilney Smith & Williamson to rebrand as Evelyn Partners". FT Adviser.
- ^ "Tilney Smith & Williamson announces record financial results and excellent progress with the integration in the first full year since completion of its merger". permira.com. 2022-03-01.
- ^ Baker, Hannah (2020-09-01). "Smith & Williamson and Tilney complete merger to become UK's third-largest wealth management firm". Business Live.
- ^ Andrieux, Jean-Baptiste (2022-03-01). "Tilney Smith & Williamson to rebrand as Evelyn Partners". Money Marketing.
- ^ "Evelyn Partners FY 2024 Results – record closing AUM of £63bn, adjusted EBITDA of £174.3mn". 27 March 2025.
- ^ "Who are the 10 best wealth management firms in the UK?".
- ^ "How one private equity firm's giving Tilney another chance". CityAM. 2014-02-27. Retrieved 2023-01-10.
- ^ "Bridgepoint Buys Tilney". www.wealthbriefing.com. Retrieved 2024-03-25.
- ^ "Deutsche Bank to buy Tilney Group". Reuters. August 9, 2007.
- ^ "Permira agrees to buy Tilney, creating 9 billion pound UK wealth manager". Reuters. 2014-02-27. Retrieved 2023-04-17.
- ^ "Permira acquires Bestinvest". Private Equity Wire. 7 November 2013.
- ^ Catchpole, Lewis (2022-02-08). "Tilney Smith & Williamson". Accountancy Today. Retrieved 2023-01-10.
- ^ "Belfast's Cunningham Coates rebrands as Smith & Williamson". The Irish News. 2020-08-27. Retrieved 2024-03-25.
- ^ "Smith & Williamson merges with Soloman Hare". investmentweek.co.uk. 2005-06-06. Retrieved 2025-06-09.
Smith & Williamson has merged with Solomon Hare to become the eighth largest firm in the UK's accountancy and financial advisory market.
- ^ "Belfast's Cunningham Coates rebrands as Smith & Williamson". The Irish News. 27 August 2020. Retrieved 9 June 2025.
- ^ "Tilney and Smith & Williamson complete merger". www.permira.com. Retrieved 2023-01-10.
- ^ Thorpe, David (19 September 2019). "Tilney buys Smith & Williamson in £625m deal". FT Adviser.
- ^ Gyftopoulou, Loukia (1 June 2020). "Warburg Pincus injects £250m to save Tilney/S&W deal". Citywire.
Warburg Pincus is injecting around £250m into the merger of Tilney and Smith & Williamson to help get the deal over the line.
- ^ Reichman, Carmen (14 June 2022). "Tilney Smith & Williamson becomes Evelyn Partners". FT Adviser.
- ^ "Evelyn Partners to complete the sale of professional services business". Moneymarketing.
- ^ "Services". Evelyn Partners. Retrieved 2022-12-13.
- ^ Moran, Liam J. (2025-05-29). "Evelyn Partners signs wealth management deal with Saracens". Accountancy Today. Retrieved 2025-06-09.
Evelyn has offices across 25 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands...
- ^ "Evelyn Partners Financial Planning Limited". Companies House. Retrieved 2025-06-09.
External links
[edit]
 | This article about a financial services company in the United Kingdom is a stub. You can help Wikipedia by expanding it. |