Evelyn Partners increased its group operating income by 7.1 percent in 2022.

Income increased from £560.8 million to £600.8 million in the year to 31 December 2022.

Its adjusted EBITDA (earnings before interest, tax, deductions and amortisation) remained stable at £184.3 million, which compares with £188.4 million a year earlier.

Adjusted EBITDA is the firm’s preferred measure for underlying financial performance. However, this metric does not include ...