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Acquisition helps Rathbones past £45bn AUM

Mixed Investment 0-35% Shares

The acquisition of fellow wealth manager Speirs & Jeffrey has helped boost assets under management at Rathbones by £6bn, the firm’s latest results show.

Rathbones’ funds at the end of the third quarter stood at £47.3bn after bolting on £6.7bn from the merger.

Without the acquisition, Rathbones says it would have reported a 1.8 per cent increase in funds under management.

Over the quarter the FTSE 100 dipped 1.7 per cent, which has already led some fund managers to report outflows in recent results.

Net operating income came in at £80m for the three months ended 30 September 2018, up 14 per cent from £71m in the third quarter of 2017.

Rathbones chief executive Philip Howell says the firm is mindful of recent volatility in investment markets but the additional scale from its acquisition puts the firm in a strong position to continue to improve service to clients.


Rathbones completes £104m wealth manager acquisition

Rathbones has completed its acquisition of Scottish independent wealth manager Speirs & Jeffrey, which was announced in June. The acquisition will see Speirs & Jeffrey rebrand and follows Rathbones’ £18m buyout of the Vision Independent network in 2015, which grew its financial planning arm with 78 new advisers. Rathbones had been in talks to acquire Speirs […]

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Rathbones on track to meet £40bn asset target

Wealth manager Rathbones has fallen just short of its £40bn funds under management target, as it reports a 64 per cent jump in pre-tax profit for the first half of the year. Funds under management rose 2 per cent in the first half of the calendar year to £39.9bn, falling £100m short of its target […]


Rathbones to drop Speirs & Jeffrey name after £104m acquisition

Scotland’s largest independent wealth manager Speirs & Jeffrey will change its name after its £104m acquisition by Rathbones. Rathbones announced this morning it is buying Speirs & Jeffrey, which has funds under management of £6.7bn. The initial consideration of £104m comprises £79m cash and £25m through the issue of new Rathbone shares. Rathbones is also lining […]

RLAM Fixed Income Outlook

Jonathan Platt, Head of Fixed Income at Royal London Asset Management, gives his outlook on the fixed income market. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views […]


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