USA Evelyn Partners acquires Arena Wealth’s investment management business
Evelyn Partners, the leading integrated wealth management and professional services group created from the merger of Tilney and Smith & Williamson, is pleased to announce that it has acquired the investment management business of Arena Wealth. Arena Wealth is a London-based firm which specialises in advising leading sports and entertainment professionals, as well as entrepreneurs. The transaction will see approximately £90m of investment management assets transfer from Arena Wealth to Evelyn Partners and the establishment of an ongoing relationship between the two businesses.
Evelyn Partners acquires Arena Wealth’s investment management business
Evelyn Partners, the leading integrated wealth management and professional services group created from the merger of Tilney and Smith & Williamson, is pleased to announce that it has acquired the investment management business of Arena Wealth. Arena Wealth is a London-based firm which specialises in advising leading sports and entertainment professionals, as well as entrepreneurs. The transaction will see approximately £90m of investment management assets transfer from Arena Wealth to Evelyn Partners and the establishment of an ongoing relationship between the two businesses.
As part of the transaction, Arena Wealth portfolio manager Ashley Thompson is joining Evelyn Partners’ Nottingham office. He has been at Arena Wealth since 2013 and previously had a background in family offices for high-net-worth individuals. Lauren Francis, who is a client administrator at Arena Wealth, will also be joining Evelyn Partners. Evelyn Partners will continue to work with Arena Wealth on an ongoing basis, as the firm’s partner of choice for investment management.
Bill Price, Managing Partner at Evelyn Partners commented: “I’m delighted to welcome Ashley and Lauren to Evelyn Partners. We have long supported sports and entertainment professionals and so there is a strong fit between Evelyn Partners and Arena Wealth. This deal recognises our ambition to continue growing our investment management business while at the same time ensuring that Arena Wealth’s prestigious clients will continue to receive a high-quality, personalised investment management service that is tailored to their needs. We look forward to also working with the Arena Wealth team on an ongoing basis.”
David Lumley, Director at Arena Wealth added: “We are delighted to start this partnership with Evelyn Partners, who are best placed to assist with the domestic and international investment management requirements of our clients. We firmly believe that Evelyn Partners can continue to deliver the high level of investment management service our clients expect. Arena Wealth Partners will continue to provide clients the same comprehensive financial management service they have historically benefitted from.”
About Evelyn Partners
Evelyn Partners is the UK’s leading integrated wealth management and professional services group, created following the merger of Tilney and Smith & Williamson in 2020. With £59.1 billion of assets under management (as at 31 December 2023), we are one of the largest UK wealth managers ranked by client assets and the seventh largest accountancy firm by ranked by Group fee income (source: Accountancy Age 50+50 rankings, 2023).
We have a network of offices in 30 towns and cities across the UK, the Republic of Ireland and the Channel Islands. Through our operating companies, we offer an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities, and businesses.
Our purpose is to ‘place the power of good advice into more hands’, and we are uniquely well-placed to support clients with both their personal financial affairs and their business interests. Our personal wealth management services include financial planning, investment management, personal tax advice and, through Bestinvest, we have a multi award-winning online investment service for self-directed investors. For businesses, our wide range of services includes assurance and accounting, business tax advice, employee benefits, forensics
For further information please visit: www.evelyn.com
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication.
Issued by the Evelyn Partners group of companies (the “Group”) which comprises Evelyn Partners Limited and any subsidiary of Evelyn Partners Limited from time to time. Further details about the Group are available at: https://www.evelyn.com/legal-compliance-regulatory/registered-details