Rathbones has won the £43m race to buy Jupiter's private client arm and is also to purchase part of Tilney IM"s private client business in a separate £14m deal.
Rathbones said it has raised £24.4m via a share placing to help fund the deals, which will boost its funds under management by 12.7% to £24.8bn on a pro-forma basis. The all-cash deal to buy Jupiter's...
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Adds £60m of assets
Up to £2,500 a month