Wealth manager and Financial Planner Evelyn Partners has completed its takeover of City of London-based Dart Capital, a boutique wealth manager with £750m in assets under management and 19 staff.

The deal has been completed after receiving regulatory approval.

Dart Capital was set up in 1987 and provides personalised advice and discretionary investment management to a mass affluent and wealthy client base, including the partners of leading accountancy and law firms, senior executives, business owners and retirees.

Richard Whitehead, chief executive of Dart Capital, said: “We are very proud that Dart Capital is now part of Evelyn Partners, which is an impressive business, demonstrated by its strong organic growth track record. Evelyn Partners’ additional depth and breadth of resource will help us continue to nurture, preserve, and grow our clients’ wealth. We are excited for the future and look forward to supporting our clients in our new home.”

Chris Kenny, head of investment management at Evelyn Partners, said: “With the acquisition now complete we are pleased to welcome Dart Capital’s clients and team to Evelyn Partners. The combination further strengthens our team in London and the cultural fit is excellent with a shared focus on understanding the needs of our clients and delivering a highly personalised, first-class service.”

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.