Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter