Evelyn Partners increased its operating income by 10.6 percent year-on-year in the first quarter of 2023.

The firm’s income increased from £146.9 million to £162.5 million for the three months ended 31 March 2023.

In its financial services business, operating income grew from £107.2 million in Q1 2022 to £115.1 million in Q1 2023.

Operating income in its professional services business also increased by £45.2 million in Q1, up 20.9 percent compared to £37...