Evelyn Partners, one of the U.K.’s largest financial services providers, recorded across-the-board growth during the three months ended September 30.

Evelyn Partners is the sixth largest professional services firm in the U.K. as measured by EBITDA. It’s also the second largest wealth manager.

Evelyn Partners’ wealth management business provides investment services for individuals and businesses. The firm also operates an online platform, Bestinvest, that offers tools for individuals who wish to create their own investment plans.

The firm’s professional services unit, its other major revenue source, primarily works with businesses. The unit operates in multiple areas.

Evelyn Partners provides accounting services such as tax assistance and financial auditing. It also provides services that fall under the management consulting umbrella: a company can hire Evelyn Partners to help it acquire a competitor or find opportunities to reduce operating expenses, to name a few of the tasks the firm can carry out for clients.

Evelyn Partners’ operating income reached £151.7 million in the three months ended September 30. That’s a 6.2% increase from the £140.4 the firm recorded the same time 12 months earlier.

According to Evalyn partners, the increase was the product of growth across its financial services and professional services businesses. 

The value of Evelyn Partners’ assets under management and advice, that is the funds it manages for clients, declined from £56 billion a year ago to £52 billion. The firm cited stock market movements as a factor behind the drop.

But net inflows, the term for the new funds that clients entrust with a firm, increased 6.2% in the same period. That shows client confidence in the firm continued to be strong during the quarter. 

“We delivered a robust performance and continued to generate significant new asset inflows from clients, with net inflows of £531 million in the quarter, up 6.2% on the same period last year (Q3 2021: £500 million),” Evelyn Partners group chief executive Chris Woodhouse told shareholders.” Alongside new business and operating income growth from our Financial Services division, our Professional Services business continued to deliver excellent performance.”

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