Evelyn Partners has reported positive net flows of £545m for the quarter ending 30 September.
The new money brought the firm’s total assets under management up to £55.6bn. Gross inflows were up 38% to £1.8bn for the quarter, and up 14% to £5.7bn for the year.
The wealth manager and advisory firm also reported group operating income of £163.6m in the third quarter, 7.8% up on the same period last year.
The recent acquisition of Dart Capital was finalised on 31 August, adding £755m of assets, Evelyn Partners said.
The update follows the announcement that Katrina Brown has been hired as director of responsible investment.
Group chief executive Paul Geddes commented: “Despite difficult market conditions, we continued to generate significant new business.”
“Pleasingly, we also saw growth in operating income across each of our three business segments, including continued double-digit growth from our fast-growing Professional Services business which has seen operating income over the first nine months of 2023 increase by 20.4% compared to the same period last year.
“We also made further progress with both selective wealth management acquisitions and our succession planning programme for adviser-owned businesses seeking a long-term home for their clients and teams,” Geddes added.
He also noted that the third quarter also saw the firm implement its Consumer Duty programme ahead of the 31 July deadline.
“While the macro-economic environment is clearly experiencing headwinds, these are times when clients greatly value trusted expert advice and professional investment management’” Geddes said.