Rathbones' identity used by fraudsters

clock

Fraudsters claiming to be from wealth manager Rathbones are attempting to convince people to transfer money to them for share purchases.

A spokesman for Rathbones says the firm first became aware of the scam when a member of the public flagged up the issue in mid-August. Rathbones immediately told the police, who are now investigating the matter. The spokesman says the fraudsters have not targeted Rathbones clients. "An individual, or individuals have put together a Rathbone letter requesting funds, and sent it to a random selection of people." The recipients of the letter are asked to transfer money to accounts via bank transfer. The firm says: "These accounts are owned and operated by those attempting the fr...

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

Chris Justham: All I know about love and the next 12 months

Chris Justham: All I know about love and the next 12 months

'There's power in admitting that you don't know'

Chris Justham
clock 22 January 2026 • 2 min read
Rathbones looks for growth after year of internal focus during Investec merger

Rathbones looks for growth after year of internal focus during Investec merger

Growth in funds under management and administration to £115.6bn

Eve Maddock-Jones
clock 15 January 2026 • 3 min read
Brooks Macdonald returns to positive flows in Q2

Brooks Macdonald returns to positive flows in Q2

Funds under management/advice now top £20bn

Jenna Brown
clock 15 January 2026 • 2 min read