Rathbones reports minor assets boost from before Investec merger

New prospectus and circulation regarding the merger expected in Q2

Eve Maddock-Jones
clock • 1 min read

Rathbones has reported an increase of 1.1% in its total funds under management and administration for the first quarter of 2023.

A trading notice published today (4 May) show the increase totalled £60.9bn for its final set of results before it combines with Investec W&I UK. Investec purchased Rathbones in a £839m deal back in April, though the trading period update covers the three months prior the deal, which Rathbones chief executive Paul Stockton said "represents a significant opportunity in our sector to become the UK's leading discretionary wealth manager". For the period from 1 January to 31 March 2023 the assets under administration inflows split into £45.8m to Rathbones' investment management business, ...

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

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Partner Insight: UK small-cap opportunities are 'The best for more than 30 years', Downing's Judith MacKenzie says

Growing interest in IPOs and a surge in pension fund interest put UK small-caps on course for strong growth.

Judith Mackenzie, Partner and Head of Downing Fund Managers
clock 28 November 2025 • 4 min read
'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read