Evelyn Partners Sells EPFS (Employee Benefits Arm) to Howden, Refocus on Private Wealth

Private wealth manager Evelyn Partners is selling Evelyn Partners Financial Services, EPFS, to Howden, a global insurance intermediary, to refocus the firm on its core competency of wealth management. 

38 employees in the Employee Benefits department will transfer in the first quarter of 2026.

Evelyn Partners' CEO, Paul Geddes (former CEO of FTSE-250 firm Direct Line, acquired by Aviva on 1 July 2025) remarked appreciatively:

 "Howden will be a great long-term owner".

Evelyn has a 10-member Executive Management team headed by by Paul, covering areas like Finance, Financial Planning (led by Emma Sterland, ex-HSBC private bank), Risk and Compliance and Marketing. Technology comes under COO Bahador Mahvelati.

Evelyn is the third biggest UK wealth manager by AUM: in order - 

• St James' Place Wealth Management (£160bn+)
• Rathbones Group (£60bn+)
• Evelyn Partners (£60bn+), formerly Tilney Smith & Williamson

RBC Brewin Dolphin (under RBC) and Coutts (part of the NatWest Group) with £40bn come next.

SJP announces lower cost funds after fee restructure

SJP (Saint James' Place), one of the UK's largest wealth managers, managing over £198.5 billion in client assets, has expanded its investment range with new multi-index range funds priced at 20bps. Funds developed by State Street will form the building blocks of these new funds. SJP stated the new funds will "help change the perception" that its products are too expensive.