Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Insight's Waddington reveals infrastructure plays post-Carillion

Insight's Waddington reveals infrastructure plays post-Carillion

Post-Carillion Steve Waddington is still finding attractive plays in infrastructure.

1 Comment Play Mark Stevenson: oil is the dumbest place to put your money

Mark Stevenson: oil is the dumbest place to put your money

Futurist Mark Stevenson says that investing in oil is not just a risk to the environment but also your investment.

Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter