Rathbones is to launch an upgraded managed portfolio service (MPS) for IFAs later this year along with a “competitive decumulation offering”, the business revealed in its annual results.
Released this morning (26 February), results for the 12 months ended 31 December 2024 showed the wealth and asset manager's profits before tax increased by 72.9% during the year, while outflows surged by 58.8% following and integration of Investec Wealth & Investment (IW&I) and Saunderson House into one combined business. Pre-tax profits stood at £99.6m in 2024, up from £57.6m a year before, an increase "largely reflecting acquisition and integration costs related to the combination with IW&I, along with higher amortisation charges following the transaction", the company said. Durin...
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