Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Rathbones buys law firm as it continues hunt for opportunities

2 Comments
Rathbones buys law firm as it continues hunt for opportunities

Rathbone Brothers has acquired Mayfair private client law firm Rooper & Whately as it indicated it remained open to ‘growth opportunities’ after the purchase of parts of Tilney and Jupiter’s charity division.

The acquisition for an undisclosed sum by Rathbone Trust Company took place on 1 May, but was disclosed today in the business’ interim management statement, and means the division is now regulated by the Solicitors Regulation Authority.

The company said the purchase would ‘add depth to the range of its advisory services’. Rooper & Whately was founded by trust planning specialists Matthew Wakefield and Julian Whately in 2009.   

Including the impact of Jupiter and Tilney assets, funds under management within the company rose 12.3% to £25.6 billion in the first three months of the year. At 8.24 shares in the business were up 0.67% at £19.51.

‘The recent acquisitions of Jupiter Asset Management Limited's private client and charity investment management business and Deutsche Bank's London private client investment management business are progressing well,’ said Rathbones chair Mark Nicholls (pictured).

‘Our outlook remains optimistic with the impact of recent acquisitions expected to have a positive effect on earnings in 2015. We are continuing to invest in people and systems whilst managing costs carefully and expect future growth opportunities to arise in the sector.’

Organic growth in funds under management during the period stood at 3.8% over the quarter, or 4.2% on an annualised basis.

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 Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: UBS' robo boss on what his tween can teach the industry

Profile: UBS' robo boss on what his tween can teach the industry

Co-head of UBS SmartWealth Shane Williams explains the simple life lessons missed by the first wave of robo pioneers

Wealth Manager on Twitter