Evelyn snaps up £739m AUM Dart Capital
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Wealth administration {and professional} companies group Evelyn Companions has struck a deal to accumulate Dart Capital, a Metropolis of London boutique wealth supervisor for an undisclosed quantity.
The transaction is topic to regulatory approval and is anticipated to finish later this yr.
Dart Capital was integrated in 1987 and has been led by chief govt Richard Whitehead since a administration buyout in 2008.
Since then it has grown its belongings below administration (AUM) from £120m to £739m.
It has 19 workers offering personalised recommendation and discretionary funding administration companies to purchasers, together with the companions of main accountancy and regulation companies, senior executives, enterprise house owners and retirees.
Chris Woodhouse, group chief govt of Evelyn Companions, mentioned: “Richard and his workforce have constructed a powerful enterprise over a few years that helps a top-tier shopper base. The cultural match between the 2 companies is superb, with each companies centered on understanding the wants of our purchasers and delivering a extremely personalised service.”
Richard Whitehead mentioned: “Each firms champion related core values, and we’re assured within the alternative of development and funding that this thrilling growth presents for our purchasers and the corporate.
“Evelyn Companions’ further depth and breadth of useful resource will assist us proceed to nurture, protect, and develop our purchasers’ wealth. We’re excited for the long run and sit up for supporting our purchasers in our new dwelling.”
Evelyn Companions was created following the merger of Tilney and Smith & Williamson in 2020. With £55.4bn of belongings below administration (as at 31 March), it ranks because the second largest UK wealth supervisor measured by EBITDA and the fifth largest skilled companies agency ranked by charge earnings (supply: Accountancy Age 50+50 rankings, 2022).
It has a community of places of work throughout 28 cities and cities within the UK, in addition to the Republic of Eire and the Channel Islands.
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