Rathbone Brothers' subsidiary, Rathbone Investment Management, has acquired wealth management firm RM Walkden & Company following a stream of hires.
Rathbones has agreed to purchase the London-based wealth manager for £948,393. Rathbones Brothers is a FTSE 250 listed company with £15.8bn of funds under management. The firm is continuing to expand, most recently hiring James Neill, formerly of Newton Investment Management, as an investment director. Neill is Rathbones' fifth appointment this year. Other new joiners to the group in 2012 include investment managers Rowland Flower, Evangelos Assimakos, Caroline O'Callaghan and Tony Milner.
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