Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Rathbones buys law firm as it continues hunt for opportunities

by David Campbell on May 14, 2014 at 07:28

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.

2 comments so far. Why not have your say?


May 14, 2014 at 09:12

That's not Mark Nicholls.

report this

David Campbell (Citywire)

May 14, 2014 at 09:17

Hello PCIAM -

Thanks for pointing that out - is a Mark Nicholls, but not that Mark Nicholls. Just waiting for RAT to send us the correct one. Cheers, Dave

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the shares

  • Rathbone Brothers PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet