Rathbones tightlipped on Jupiter wealth arm as profits jump 15%

clock

Rathbones has reported a 15% increase in pre-tax profit for 2013, to £44m, but its interest in a potential purchase of Jupiter's private client business remains uncertain.

Announcing a 4.3% increase in its full-year dividend, to 49p, the group said total funds under management (FUM) had risen by over 22% last year to £22bn. That latter figure was helped by the acquisition of Taylor Young Investment Management's £400m private client base, but Rathbones was not drawn on its interest in other deals. With a sale of Jupiter's own private client arm now thought to be imminent, that may point to different priorities for Rathbones this year - despite its rumoured interest in the business. Following two years of growth driven "both organically and by acquisition", ...

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 Your profession

Feel Good Friday: Quilter pledges £3m towards financial education

Feel Good Friday: Quilter pledges £3m towards financial education

Alongside £1m in grants supporting charities

Professional Adviser
clock 13 February 2026 • 1 min read
Brits unlikely to see IFAs despite Budget impact

Brits unlikely to see IFAs despite Budget impact

Just 19% were likely to seek advice, Continuum finds

Isabel Baxter
clock 12 February 2026 • 3 min read
Treasury consults on AR regime adding further FCA and FOS permissions

Treasury consults on AR regime adding further FCA and FOS permissions

Amid concerns about consumer harm and weaknesses in oversight

Isabel Baxter
clock 12 February 2026 • 3 min read