Rathbones sees AUM hit £20bn mark

clock

Rathbones has seen its funds under management swell to more than £20bn, helped by its recent acquisition in the private client space.

According to the group's interim results, total funds under management rose 8.9% to £19.6bn in the first quarter. The acquisition of Taylor Young's private client business added £339m to FUM, taking the total to £20.1bn by the end of April. Total net growth of FUM in the investment management business was £368m, representing a total net annualised growth rate of 8.8%, compared to 8.1% the previous year. Acquired inflows of £208m in the first quarter included £129m from the Taylor Young deal. Net organic growth in the division was £160m for the quarter, an annualised growth rate of 3.8...

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

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read