NatWest Group has acquired Evelyn Partners, combining their assets under management to create a leading Private Banking and Wealth Management entity in the UK with over £127 billion in AUMA, aimed at enhancing service offerings and market position in a consolidating industry.

Information on the target

Evelyn Partners is a prominent UK wealth management firm with a rich heritage spanning over 180 years. The company currently manages £69 billion in Assets Under Management and Administration (AUMA) for its diverse clientele. Evelyn Partners provides a comprehensive wealth management service that includes financial planning, discretionary investment management, and an award-winning direct-to-consumer platform, Bestinvest, which offers coaching services for self-directed investors. With a robust office network across 21 locations, the firm is well-positioned to deliver scalable solutions in the UK wealth market, supported by a modern technology platform.

Industry overview in the target’s specific country

The UK wealth management industry has experienced significant growth in recent years, driven by increasing financial complexity and a rising demand for expert financial advice. As individuals and families seek to navigate their financial futures, the need for comprehensive wealth management services has never been more critical. The sector is characterized by a diverse range of service providers, from traditional banks to independent wealth managers, all vying for market share in a competitive landscape.

In this evolving environment, firms that can offer integrated solutions, combining investment management with financial planning, are well-positioned to capture a larger share of the market.