Jupiter and Deutsche deals lift Rathbones' FUM past £27bn

In its prelimary full-year results for the year ended 31 December 2014, the firm said funds under management grew by 24% to £27.2bn, up from £22bn at the end of 2013. Some £3.2bn of inflows came from acquired inflows, £2.6bn came from large transactions with Jupiter Asset Management and Deutsche Asset and Wealth Management, and £800m was attributable to organic growth. It was also helped by 5,000 new clients coming to the firm. Underlying pre-tax profit increased by 21% from £50.5m to £61.5m while underlying operating income was £185.3m, an increase of 12.1%. Operating expenses als...