This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Investments

Rathbones reports income rise during first nine months

  • Print
  • Comment

Rathbone Brothers has announced a 15.5 per cent year-on-year rise in net operating income for the first nine months of the year to £108.7m.

The private bank, which includes Rathbone Unit Trust Management, saw its total funds under management shrink to £15.1bn during the period to September 30, compared with £15.6bn at December 31 2010.

Rathbone Brothers chief executive Andy Pomfret says: “We expect markets to remain nervous for the remainder of 2011 as inflation expectations and European sovereign debt uncertainties continue to dominate the headlines.

“Despite this, our brand and commitment to client service continue to position us well to grow as a leading provider of high-quality personalised discretionary investment services.”

Rathbone Unit Trust Management witnessed net inflows of £62m in the first nine months of the year. However, lower markets during the third quarter reduced funds under management from £1.1bn at June 30 to £1bn at September 30.

 

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Have you heard of cases of advised sales being disguised as execution-only?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments