Rathbones has completed its acquisition of Scottish independent wealth manager Speirs & Jeffrey, increasing its FUM by 18% to £44.5bn.
In an official statement released this morning, the group said the initial consideration of £104m for the acquisition was satisfied through £79m cash and the issue of 1,006,522 new ordinary Rathbones shares....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till