S&W seeks IPO after Rathbones abandons merger plans

'Unable to agree terms'

clock • 1 min read

Rathbones has abandoned plans for a £2bn tie-up with rival wealth manager Smith & Williamson, leading the firm to seek out options for a potential stockmarket listing instead.

In a statement issued on Thursday evening, Rathbones said the deal, which would have created a major new player overseeing £56bn of assets, would not go through. The firm did not say why talks had collapsed, but it appeared S&W's owners demanded more than Rathbones' offer.  S&W later released its own statement saying it had been preparing for a stockmarket listing when negotiations with Rathbones began, and as a result of the breakdown in talks, planned to pursue an IPO. Rathbones would take a £5m hit from the costs of the failed takeover attempt, This is Money reported.  Analys...

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

Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read
Inflation protection not front of mind for financial advisers

Inflation protection not front of mind for financial advisers

Titan Square Mile report suggests

Jen Frost
clock 04 November 2025 • 3 min read
Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read