Rathbones reports minor assets boost from before Investec merger

New prospectus and circulation regarding the merger expected in Q2

Eve Maddock-Jones
clock • 1 min read

Rathbones has reported an increase of 1.1% in its total funds under management and administration for the first quarter of 2023.

A trading notice published today (4 May) show the increase totalled £60.9bn for its final set of results before it combines with Investec W&I UK. Investec purchased Rathbones in a £839m deal back in April, though the trading period update covers the three months prior the deal, which Rathbones chief executive Paul Stockton said "represents a significant opportunity in our sector to become the UK's leading discretionary wealth manager". For the period from 1 January to 31 March 2023 the assets under administration inflows split into £45.8m to Rathbones' investment management business, ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read
Partner Insight:  Future-proofing your business:  The case for investment outsourcing

Partner Insight: Future-proofing your business: The case for investment outsourcing

Schroders' Jamie Fowler and Philip Chandler explain why outsourcing is a proactive strategy that can transform your advisory business.

Schroders
clock 31 January 2025 • 2 min read
Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Watch Professional Adviser's Working Lunch with Orbis now: Risk and return from the bottom up

Catch up on the discussion

Professional Adviser
clock 31 January 2025 • 1 min read