Natwest Bank PLC (Uk) provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles. Financial planning was provided to 11–25 clients last fiscal year. The firm advises 1 private fund.
Natwest Bank PLC (Uk) reports 466 clients. They include 291 individual clients, 169 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 100.0% ($1.06B across 466 accounts) are managed with discretion. Of its clients, 38% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 11% |
| High-net-worth individuals | 36% | 54% |
| Pooled investment vehicles | <1% | 24% |
| Corporations and other businesses | 1% | 11% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 291 | $118M | 11.1% | $405K |
| High-net-worth individuals | 169 | $576M | 54.3% | $3.41M |
| Pooled investment vehicles | 1 | $249M | 23.5% | $249M |
| Corporations and other businesses | 5 | $116M | 11.0% | $23.3M |
| Total | 466 | $1.06B | 100% | $2.27M |
- Clients
- 291
- Regulatory AUM
- $118M
- AUM share
- 11.1%
- Avg. per client
- $405K
- Clients
- 169
- Regulatory AUM
- $576M
- AUM share
- 54.3%
- Avg. per client
- $3.41M
- Clients
- 1
- Regulatory AUM
- $249M
- AUM share
- 23.5%
- Avg. per client
- $249M
- Clients
- 5
- Regulatory AUM
- $116M
- AUM share
- 11.0%
- Avg. per client
- $23.3M
Total
- Clients
- 466
- Regulatory AUM
- $1.06B
- AUM share
- 100%
- Avg. per client
- $2.27M
- Clients outside the U.S.
- 38%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 11–25
Natwest Bank PLC (Uk) charges 0.40%–1.05% a year for its Evelyn Partners Management Fee. Each asset band is charged at its own rate. The fee is billed in arrears and has a $4,500 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$325K | 1.05% |
| $325K–$650K | 0.90% |
| $650K–$3.25M | 0.70% |
| $3.25M and above | 0.40% |
Fee details and sources
Evelyn Partners Group Limited owns 75% or more of Natwest Bank PLC (Uk) and is in turn owned by Natwest Bank PLC (75% or more). The leadership team of Natwest Bank PLC (Uk) includes Chief Operating Officer Bahador Mahvelati. It has 126 employees, 34 of them in advisory roles.
Leadership
- Bahador MahvelatiChief Operating Officer
- Charlotte DaviesGroup General Counsel
- Christopher KennyExecutive Director
- Patrice McDonaldIndependent Non-Executive Director
- Muhammad MustaffaExecutive Director
- Mark RennisonIndependent Non-Executive Director
- Anne RichardsIndependent Non-Executive Director
- Bindesh SavjaniChief Risk Officer & Group Head of Compliance
- Jakob StottIndependent Non-Executive Director
Staff
- 126 employees
- 34 in advisory functions
- Owns 75% or more of Natwest Bank PLC (Uk)
Evelyn Partners Group Limited
Control person · since October 2022
- Owns 75% or more of Evelyn Partners Group Limited
Natwest Bank PLC
Control person · since June 2026
- Owns 75% or more of Natwest Bank PLC
Natwest Holdings Limited
Control person · since June 2026
- Owns 75% or more of Natwest Holdings Limited
Natwest Group PLC
Control person · since June 2026
Natwest Bank PLC (Uk)’s regulatory assets fell from $2.01B (March 2021) to $1.06B (August 2026); clients fell from 1,718 to 466 and employees from 182 to 126.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.06B | 466 | 126 | 2 |
| May 2025 | $1.21B | 457 | 89 | 2 |
| March 2024 | $1.14B | 486 | 1,103 | 2 |
| March 2023 | $1.06B | 140 | 977 | 1 |
| June 2022 | $2.19B | 1,589 | 196 | 1 |
| March 2021 | $2.01B | 1,718 | 182 | 1 |
Besides its headquarters, Natwest Bank PLC (Uk) has 1 office, with 2 listed addresses outside the U.S..
International offices
- ONSLOW HOUSE, GUILDFORD, GU1 4TL, United Kingdom
Contact and registration details
- Legal name
- Natwest Bank PLC (Uk)
- Headquarters
- 45 Gresham Street, London, United Kingdom EC2V 7BG
- Website
- usa.evelyn.com
- Phone
- 442071314000
- SEC file
- 801-73364
- Structure
- other (specify) organized in United Kingdom
- Fiscal year end
- December
Natwest Bank PLC (Uk) uses Pershing ($579M, 55%), The Northern Trust ($249M, 24%) and Pershing ($139M, 13%), among others, as custodians for its separately managed accounts. Natwest Bank PLC (Uk) does not have custody of client assets.
- PershingPershing Securities Limited · Liverpool · $139M13%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $249M24%
- PershingPershing New Jersey · Jersey City, NJ · $579M55%
- Inspira Financial TrustInspira Financial Trust, LLC · Oak Brook, IL · $5.41M1%
- Charles SchwabThe Charles Schwab Corporation · Wilmington, DE · $43.4M4%
- OtherCharles Schwab, The Huntington National Bank4%
At year end, Natwest Bank PLC (Uk)’s separately managed accounts were largely in stocks (49%) and funds (34%).
What the accounts hold
- Stocks49%
- Funds34%
- Bonds14%
- Sovereign bonds7%
- U.S. government and agency bonds6%
- Investment grade corporate bonds1%
- Cash2%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Natwest Bank PLC (Uk) have?
Natwest Bank PLC (Uk) has 466 clients and manages $1.06 billion for them, as of August 2026. They include 291 individual clients, 169 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 August 2026
What services does Natwest Bank PLC (Uk) offer?
Natwest Bank PLC (Uk) provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Natwest Bank PLC (Uk) charge?
Natwest Bank PLC (Uk) charges 0.40%–1.05% a year for its Evelyn Partners Management Fee. Each asset band is charged at its own rate. The fee is billed in arrears and has a $4,500 annual minimum.
Source: EVELYN PARTNERS FORM ADV PART 2A BROCHURE JULY 2026, filed 3 August 2026
Which custodians does Natwest Bank PLC (Uk) use?
Natwest Bank PLC (Uk)’s separately managed account assets are held at Pershing New Jersey (Jersey City, NJ), with $579M, The Northern Trust Company (Chicago, IL), with $249M, Pershing Securities Limited (Liverpool), with $139M, The Charles Schwab Corporation (Wilmington, DE), with $43.4M, Schwab Retirement Plan Services Inc (Austin, TX), with $41.2M, Inspira Financial Trust, LLC (Oak Brook, IL), with $5.41M and The Huntington National Bank (Columbus, OH), with $2.24M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 August 2026
How many financial advisors does Natwest Bank PLC (Uk) have?
Natwest Bank PLC (Uk) has 0 investment adviser representatives registered with state securities authorities, out of 126 employees, and 34 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Natwest Bank PLC (Uk) invest in?
At the end of its last fiscal year, Natwest Bank PLC (Uk)’s separately managed accounts held 49% exchange-traded equities, 34% pooled vehicles (private funds and similar), 7% sovereign bonds, 6% U.S. government and agency bonds, 2% cash and equivalents and 1% investment grade corporate bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Natwest Bank PLC (Uk)?
Natwest Bank PLC (Uk) is owned through a chain of holding companies by Natwest Group PLC. Its direct owner is Evelyn Partners Group Limited (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 August 2026
How does Natwest Bank PLC (Uk) get paid?
Natwest Bank PLC (Uk) is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Natwest Bank PLC (Uk)?
Natwest Bank PLC (Uk)’s main office is at 45 Gresham Street, London, United Kingdom EC2V 7BG. Its phone number is 442071314000. Its website is usa.evelyn.com.