Evelyn Partners has expanded its presence in the North West by adding the Millen Capital team to its Liverpool operation.
The acquisition of the boutique wealth manager is the tenth deal as part of Evelyn Partner's succession scheme.
The deal sees Evelyn Partners take on the assets of the business followed by a transition of both staff and clients.
The deal will see five people move across to Evelyn, including founding partner Angus Millen who established the firm in 1999.
The rest of the team are chartered wealth managers Gareth Lyttle and Vicki Harper, and administrators Linda O’Neill and Ruby Leigh.
Richard Dawes, head of strategic partnerships at Evelyn Partners, said: “I’m delighted that Angus and the team are joining Evelyn Partners. This is the tenth deal in our adviser succession scheme which provides business owners with a long-term home for their clients and team.”
Millen Capital will move to Evelyn’s offices in the Liver building on the waterfront in Liverpool.
Angus Millen, of Millen Capital added: “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.”
In June, Evelyn Partners bought Dart Capital, another boutique wealth manager based in the City of London.
tara.o'connor@ft.com
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