FCA greenlights £839m Rathbones/Investec W&I merger deal

Shareholder approval required following regulator sign off

Cristian Angeloni
clock • 1 min read

The Financial Conduct Authority (FCA) has approved the merger between Rathbones and Investec Wealth & Investment, but the deal now faces a shareholder vote.

The deal was first announced in April in a bid to "create the UK's leading discretionary wealth manager", Rathbones said yesterday (1 June). In a regulatory filing, Rathbones explained the deal is now subject to shareholder approval, which is set to take place at its general meeting on 23 June at Rathbones offices. The firm added the FCA had approved the combined prospectus and Class 1 shareholder circular in relation to the combination but had yet to approve the change in control application. For the merger to go ahead, shareholders who "together represent a simple majority of the...

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

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read