Who we are
Evelyn Partners is one of the UK’s leading integrated wealth management and professional services groups, created by the merger of Tilney and Smith & Williamson in September 2020. We are one of the UK's leading integrated wealth management and professional services business with over £50 billion of assets under management; employing 3000 staff including over 250 investment managers. Evelyn Partners is privately owned by key employees of the firm, Permira and Warburg Pincus and operates from 25 offices across the UK, Ireland and Jersey.
All of our services are underpinned by a disciplined investment process delivered by some of the UK’s most experienced and highly qualified investment professionals. Evelyn investment portfolios may use direct equities and fund solutions and will be managed according to the unique requirements of the client such as restrictions around UK situs assets or non UK sourced income, US clients, charity, income needs, cherished holdings or ethical considerations. We maintain a global investment style in the main
currencies, GBP, Dollar, Euro and Suisse Franc.
Our Investment managers are located in London, Jersey and Dublin.
Many of our clients are introduced to us through professional advisers, our client types include:
- Individuals and Families
- Trusts
- Company accounts
- US connected clients
- Charities
- Funds
- Pensions
We believe your personal wealth is our personal responsibility.
What we do
We are trusted investment managers of our global client's wealth. Our discretionary services include investment management, funds and centralised portfolios, however the main reason we are selected is for our long term track record of delivering high levels or personal service alongside a modern investment proposition.
Central to our investment philosophy is the belief that clients are not necessarily risk averse, they are loss averse; and it is on this basis that we aim to preserve and grow the real value of our clients' capital over time. In an investment world that is sometimes unpredictable, often irrational and all too frequently short-term in its outlook, we believe investment success can only be achieved by focusing on a small number of guiding principles. These principles inform all aspects of our investment thinking:
- Investors are particularly sensitive to losses rather than averse to taking risk.
- Long-term performance should be judged alongside returns from cash and inflation.
- Equity will be the main driver of real returns, but these returns require patience and discipline to achieve.
- Short-term market movements are impossible to predict.
- Asset allocation is the long term driver of performance and risk management.
- Understanding and managing liquidity is vital.
Investment Managers responsible for the management of assets will have a direct relationship with their clients. To achieve the agreed objectives they will use a combination of their personal investment experience, the output of our central investment committees and the research capabilities of the firm. For our offshore clients we also have considerable experience managing portfolios that avoid UK situs assets and UK sourced income.
A brief summary of the group investment resources available to the investment managers is below:
The Investment Management Executive Committee (IMEC) is the top group for the development and oversight of the investment approach and philosophy of the firm. All other investment groups and investment management teams ultimately report to the IMEC. Supporting the risk over lay of the IMEC is the Investment Oversight Committee (IOC) who monitor the investment managers and all aspects of the functional investment committees below:
- The Investment Process Committee (IPC) provides the frame work for the blend of global assets required for the main strategic risk profiles. The assets under constant review include equities, bonds/fixed income, cash, commodities, property, gold, absolute return and hedge funds. The IPC provides a number of strategic risk profiles made up of a diversified blend of assets that will cater for the lowest risk investor through to the risk profile for a maximum growth mandate . The ideal output of the strategic risk profiles are efficient portfolios that take the least risk possible for an expected return or the greatest return available for an expected level of risk.
- The investible fund list is the responsibility of the Collectives Investment Group (CIG). The CIG sets out the frame work, including our Ten Principles of Fund Selection, for creating the global funds available to the Investment Managers for building portfolios. Underlying data collection and research of the funds is undertaken by select Investment Managers who provide the fund research to the CIG for review. At the client portfolio level the Investment managers will consider the individual preferences of the client such as CGT, cherished holdings or income requirements when considering the purchase or sale of an individual fund.
- The Direct Investment Group (DIG) has responsibility for researching and maintaining the universe of global preferred direct equities. The DIG will provide ongoing investment views on individual equities allowing managers to use direct positions when building client portfolios.
- The Fixed Income Group (FIG) provides research into global direct fixed income securities. It will also undertake specialist research for clients who have specific fixed income portfolio requirements.
- All ethical, sustainable and socially responsible considerations are the responsibility of the Stewardship and Responsible Investment Group. This team provides the ESG requirements of the firm, undertakes all ethical research and often allocates resources to assist with charitable or sustainable mandates with specific requirements. TS&W are signatories to the UN PRI.
Our reporting and client internet portal allow you to have regular updates by mail, email, telephone or face to face as you prefer.
