The accountancy firm and tax specialist has a team of over 50 and a particular expertise in advising private equity executives on their tax affairs.

Andrew Wilkes, chief professional services director at Evelyn Partners, said the acquisition support’s the Financial Planning firm’s goal to be able to provide a wide range of professional services to businesses and clients across the UK.

He said: “Strategically this acquisition will further develop our professional services presence in the South East of England, supporting our ambition of being able to provide our range of professional services to businesses and private clients right across the UK. It also enhances the wider group’s expertise with private equity businesses and extends the office footprint in the South East, becoming our second location in Kent alongside Maidstone.”

The acquisition is the latest in a series of professional services firms acquired by Evelyn Partners.

In February Evelyn Partners acquired Leathers LLP which operates from offices in Newcastle and Harrogate, and in April it acquired Cambridge-based firm the Ashcroft Partnership LLP. 

The firm reported 6.9% year on year rise in Assets Under Management and Advice (AuMA) to £55.6bn for its Q3 (Q3 2022: £52bn). 

The group said that despite a “challenging market backdrop” it generated significant new business and grew year-on-year operating income.

Gross inflows of new assets in Q3 ending 30 September were £1.8 billion, 38% higher than in the same quarter last year (Q3 2022: £1.3 billion).

However gross outflows rose from £0.8bn to £1.3bn.

Evelyn Partners was created following the merger of Tilney and Smith & Williamson in 2020 and has approximately £55.4bn of assets under management. It has offices in 28 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands.