Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise

Migration into single platform in H1 2025

Cristian Angeloni
clock • 2 min read

Rathbones Group suffered £3.4bn outflows in the fourth quarter of 2024, which mostly took place around the Autumn Budget.

In a trading update today (16 January), the firm noted the outflows remained at the same level as in Q3 2024 and offset the £3.2bn inflows recorded in the last three months of 2025. Funds under management and administration (FUMA) however, rose slightly over the period to £109.2bn, from £108.8bn at the end of September 2024 and £105.3bn at the end of 2023. Total net flows in the investment management arm's discretionary and managed propositions rose to around £400m from £100m in the third quarter, "reflecting client engagement in a turbulent" three months, Rathbones noted. At the s...

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 Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read