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Rathbone's AUM soars to record £22bn

Rathbone's AUM soars to record £22bn

Rathbone Brothers saw its assets under management rise by 5.8% to hit a record £22 billion in the fourth quarter.

Total funds under management were up 22.2% over the calendar year. Rathbone Investment Management grew its AUM by 16.7% from £16.7 billion to £20.2 billion in 2013 with 5.4% of the net asset growth organic.

Rathbone Unit Trust Management’s AUM rose 38.5% from £1.3 billion to £1.8 billion over the year with net inflows of £327 million in 2013.

In a stock market update, the group, which is led by chief executive Andy Pomfret (pictured), said: ‘Our outlook remains positive as we start 2014, in line with the current sentiment in investment markets. Rathbones remains well positioned to take advantage of growth opportunities as they arise and continues to consolidate its position as a leading provider of high quality, personalised investment and wealth management services.’

The group will announce its preliminary annual results on 20 February.

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