Jupiter profits down 18% on Rathbones deal but inflows drive up AUM
Jupiter has reported an 18% fall in its profits in the first half of 2014, with the group incurring £5.3m of costs from selling its private client business.
Profits for the half year to 30 June fell from £59.1m to £48.4m, with the cost of transferring its private client business to Rathbones a major factor. Profits were also hit by another one-off factor,...
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