Chris Woodhouse, outgoing group chief executive, said the firm had “had a record quarter for new business in Q2, which followed a very strong Q1."

During the period, the business said it delivered record growth in gross and net new assets and increased operating income.

In a first half trading update today covering the period to 30 June, the firm said Assets under Management and Advice (AuMA) rose £2.2bn to £54.9bn during the quarter, up from £52.7bn on 30 June 2022.

It saw gross inflows of £3.8bn in the six months to the end of June - 40.7% higher than the prior year and growing at an annualised rate of 14.3%.

Group operating income increased 12.6% to £327.2m, with 9.7% growth in financial services and 22.4% from professional services.

Adjusted EBITDA increased to £87.8m compared to £86.2m in the first half of 2022.

In the period the firm completed three professional services acquisitions and an agreement, subject to regulatory approval, to acquire boutique wealth manager Dart Capital.

It also completed the ninth deal under its scheme for retiring owners of advice businesses, with the team from discretionary manager PPM Wealth joining its Glasgow office

It launched Evelyn Partners Moneyhealth, a new service to enable employers to help staff improve their financial wellbeing. 

Chris Woodhouse said: “We are building momentum across our business.”

Last month the company announced that, subject to regulatory approval, Paul Geddes will succeed Chris Woodhouse as group chief executive.

Mr Woodhouse said: “It has been a huge privilege to have worked with so many talented people and to see the business develop and grow these last several years. Evelyn Partners has an unrivalled range of expertise and considerable growth opportunities ahead, and I wish Paul every success as he leads the Group through the next stage of its journey.”