Evelyn Partners to acquire boutique wealth manager Dart Capital

Evelyn Partners, the leading wealth management and professional services group, is pleased to announce that it has reached an agreement to acquire Dart Capital, a boutique wealth manager based in the City of London. The transaction, which is subject to regulatory approval, is expected to complete later this year. 

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Published: 12 Jun 2023 Updated: 12 Jun 2023

Evelyn Partners to acquire boutique wealth manager Dart Capital

Evelyn Partners, the leading wealth management and professional services group, is pleased to announce that it has reached an agreement to acquire Dart Capital, a boutique wealth manager based in the City of London. The transaction, which is subject to regulatory approval, is expected to complete later this year. 

Dart Capital is a well-established business, incorporated in 1987, which has been led by Chief Executive Richard Whitehead since a management buyout in in 2008. Since 2008 it has grown its assets under management from £120 million to £739 million*. The 19-strong Dart Capital team provide personalised advice and discretionary investment management services for a high-quality client base, including the partners of leading accountancy and law firms, senior executives, business owners and retirees.

Chris Woodhouse, Group Chief Executive of Evelyn Partners, commented: “Richard and his team have built an impressive business over many years that supports a top-tier client base. We are delighted that they have chosen to become part of Evelyn Partners at an exciting time of growth and development for the group. The cultural fit between the two business is excellent, with both firms focused on understanding the needs of our clients and delivering a highly personalised service.”

Richard Whitehead, Chief Executive of Dart Capital, said: “We are very proud to announce that Dart Capital is becoming part of Evelyn Partners. Both companies champion similar core values, and we are confident in the opportunity of growth and investment that this exciting development presents for our clients and the company.  Evelyn Partners’ additional depth and breadth of resource will help us continue to nurture, preserve, and grow our clients’ wealth. We are excited for the future and look forward to supporting our clients in our new home.”

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