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Rathbones buys London-based wealth manager

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Rathbones buys London-based wealth manager

Rathbone Brothers' subsidiary, Rathbone Investment Management, has completed the acquisition of London-based wealth manager RM Walkden & Co.

RM Walkden, which is based at Charterhouse Square, has gross assets totalling £948,494.

Rathbone IM, which is led by Andy Pomfret (pictured), recently raided rivals Brewin Dolphin, Newton Investment Management and Turcan Connell to hire a four-strong team.

Full-year numbers from the firm, published at the end of February, showed a 30% jump in pre-tax profit with funds under management  rising from £15.6 billion to £15.85 billion.

The group has recently relocated its London headquarters to 1 Curzon Street. 

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