Rathbones posted “strong market returns” at the end of 2025, finishing a year focused on internal recalibration as the final elements of its merger with Investec Wealth & Investment were completed, setting it up to focus on its growth targets in 2026.
In the company's final quarterly update for 2025, it saw 2.3% growth in its funds under management and administration (FUMA), up to £115.6bn. This broke down to £106.2bn on the wealth management side and £16.6bn in its asset management division. Peel Hunt analyst Stuart Duncan said 2025 was "always going to be a year of ensuring the group was well set to benefit from increased scale and greater efficiency, with management now turning focus to growth". He maintained his ‘Buy' rating for the firm, despite ongoing net outflows. Around £500m exited the firm during the period, higher...
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