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.

Rathbones receives top reporting transparency accolade

Rathbones receives top reporting transparency accolade

The Chartered Financial Analyst (CFA) Institute has awarded Rathbone Investment Management its highest independent indicator of investment performance.

The Global Investment Performance Standards (GIPS) accreditation handed to Rathbones is designed to ensure fair representation and full disclosure of a firm's performance history.

It seeks to promote integrity and instil trust in asset managers, with the global standardisation giving investors around the world additional transparency to compared and evaluate investment managers.  

In gaining GIPS compliance, Rathbones can now offer clients a coherent and robust demonstration of GIPS compliant actual historic performance as verified on our client base of over 70,000 funds achieved over the last five calendar years on an all-inclusive basis. 

EY verified Rathbones procedures, which included a review of the calculation methodology, client agreement records, custodian controls and our policies and procedures before opining on Rathbones’ compliance with GIPS.

'The pursuit of excellence is a driving principle at Rathbones, whether evidenced in the performance of investment portfolios, our personalised service or through the strength of our support infrastructure,' said Paul Chavasse (pictured), head of investment management at Rathbones.  

'We have always placed emphasis on transparency, accountability and credibility when discussing investment performance.'  

He added: 'With our GIPS accreditation confirmed, both existing and potential clients can have confidence in our compliance with the highest international standards.  Very few of our competitors have secured this important kite mark and we believe this demonstrates our willingness to seek out and achieve best practice in discretionary investment management. 

'The confirmation of our full GIPS compliance is also testament to the infrastructure of systems, processes and controls we have put in place and in which we have made significant investment over recent years.'  

The award comes as regulatory demands on wealth managers grow. In April the FCA said it could take enforcement action against two firms for 'egregious' failings on the back of a thematic review into charging.

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 Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter