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

View the article online at

Rathbones wealth inflows dip in 'challenging' 2012

by Dylan Lobo on Jan 10, 2013 at 08:11

Rathbones wealth inflows dip in 'challenging' 2012

Rathbone Brothers cited 'challenging' conditions after revealing inflows at its wealth arm dipped in 2012.

In a brief trading update from Rathbones ahead of its full year numbers scheduled for 20 February, the group said the annualised rate of net inflows at Rathbone Investment Management (RIM) fell from 7.5% in 2011 to 6.2% last year.

However, assets under management jumped 13.2% from £14.76 billion to £16.71 billion, outperforming the 5.9% increase in the FTSE 100 and 5.8% rise in the FTSE Apcims Balanced Index. The figure includes £486 million worth of acquired assets versus £305 million in the previous year.

The firm made a number of acquisitions last year, including the purchase London-based wealth manager RM Walkden & Co in April and Taylor Young Investment Management's wealth business in November.

Excluding acquisitions, the organic growth in funds under management RIM stood at 3% versus 5.4% in 2011.

Meanwhile assets at Rathbone Unit Trust Management rose 16.5% from £1.09 billion to £1.27 billion on the back of inflows of £66 million, which were 31% lower on 2011.  

At the end of last year Rathbones raised £24 million through a placing to fund further acquisitions and is cautiously optimistic for 2013.

The firm, which is fronted by chief executive Andy Pomfret (pictured), told the stock market: 'After a challenging 2012, UK equity markets ended the year on a more positive note.

'Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the eurozone, battle with difficult economic and financial conditions.'

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

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

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