Evelyn Partners adds Millen Capital team in Liverpool expansion

Wealth management and professional services group, Evelyn Partners, has expanded its Liverpool team.

Its Pier Head office will be boosted with the arrival of the team from boutique wealth manager Millen Capital, as part of a takeover of the Liverpool business, for an undisclosed sum.

Millen Capital was established by Angus Millen in 1999, to provide a comprehensive wealth management service to successful professionals and business owners.

The deal will see a total of five people move across from Millen Capital to Evelyn Partners.

Millen Capital’s founding partner, Angus Millen, joins along with Chartered Wealth Manager Gareth Lyttle, Certified Financial Planner and Chartered Wealth Manager Vicki Harper, and experienced administrators Linda O’Neill and Ruby Leigh.

The team from Millen Capital joins Evelyn Partners as part of its succession planning scheme for business owners.

Under these deals Evelyn Partners acquires the assets of the business and there is an orderly transition of both staff and clients to Evelyn Partners.

Evelyn Partners, which was created from the merger of Tilney and Smith & Williamson in 2020, has deep roots in Liverpool with the former company having been founded in Liverpool in 1836.

Based in the iconic Liver Building on the waterfront, the Liverpool office provides clients with financial planning and investment management services.

Jonathan Waddington, regional managing partner – North at Evelyn Partners, said: “This agreement recognises our ambition to continuing growing our wealth management business in the North West.

“Clients can be assured they will continue to benefit from the high quality, personalised service they have enjoyed at Millen Capital while also benefiting from the investments we have made in our proposition and technology. I look forward to welcoming the team and clients of Millen Capital to our Liverpool office.”

Angus Millen said: “I’ve long admired Evelyn Partners’ approach, service ethic and performance and I’m proud they found the same values here at Millen Capital after approaching us about a potential collaboration.

“Their extensive experience and financial rigour provide me with great comfort, particularly during these turbulent economic times.

“Evelyn Partners’ additional skills and expertise will complement our own and ensure we continue to nurture, preserve, and grow our clients’ wealth. We are excited for the future and look forward to continuing to serve our clients in our new home.”