Rathbone Brothers' total funds under management rose 22% by the end of 2013 to £22bn, according to latest results.
The fourth quarter alone saw assets increase by £1.2bn, or 5.8%, as net inflows and organic growth escalated from last year. Total inflows into Rathbone Investment Management were 9% for the year, up from 6.2% the previous year, while organic growth contributed 5.4% to the increase. The unit trust arm of the business, Rathbone Unit Trust Management, saw a five-fold increase in inflows for the year, up from £66m in 2012 to £327m by the end of December. Its fund under management also jumped 38.5% year on year, reaching £1.8bn by year-end. The group said: "Our outlook remains posit...
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