NatWest Group has agreed to purchase wealth management firm Evelyn Partners for \u00a32.7 billion. <\/p>\n
The bank said the move would create a private banking and wealth management (PBWM) business with the scale and capability needed to succeed in a market with \u201csignificant\u201d growth potential. <\/p>\n
Evelyn Partners was founded around 180 years ago and currently has \u00a369 billion of Assets Under Management and Administration (AUMA). <\/p>\n
The company saw a compound annual growth rate in excess of seven per cent and generated EBITDA of \u00a3179 million in the full year of 2025. <\/p>\n
The firm offers an integrated wealth management services including financial planning, discretionary investment management and its direct-to-consumer platform BestInvest. <\/p>\n
Around 270 financial planners and 325 investment managers work for the company to support clients with their investment decisions. <\/p>\n
NatWest Group said it expects the combination of Evelyn Partners with its existing PBWM business to increase shareholder value, including estimated annual run-rate cost synergies of around \u00a3100 million. <\/p>\n
The company added it also intends to deliver \u201csignificant\u201d revenue synergies through bringing Evelyn Partners\u2019 leading financial planning and investment management solutions together with NatWest Group\u2019s full suite of banking and wealth management solutions to around 20 million customers. <\/p>\n
Commenting on the acquisition, Paul Thwaite, chief executive of NatWest Group, said that it will help the bank’s customers make more of their money through a broader range of services. <\/p>\n
\u201cBringing together these two leading businesses creates a unique opportunity to provide financial planning, savings and investment services to more families and people across the UK,\u201d he added. \u201cWe look forward to welcoming our new clients and working with our colleagues at Evelyn Partners to transform the services our 20 million customers across the Group can expect from us.\u201d <\/p>\n
The deal is subject to regulatory approval and expected to complete later this year. <\/p>\n
Additionally, NatWest Group also announced a share buyback of \u00a3750 million, which it said will continue a strong return of capital to shareholders.<\/p>\n
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