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Rathbones buys London-based wealth manager
by Dylan Lobo on Apr 05, 2012 at 13:21
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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