View more on these topics

Rathbones appoints new chief executive

Rathbones chief executive Philip Howell has announced he will retire early next year, paving the way for a new head of the firm after six years in post.

Group finance director and Rathbone Investment Management managing director Paul Stockton will succeed Howell in the role.

Howell started his career at Barclays before moving into the world of private banking with Fortis. He was hired by Rathbones in 2013.

No formal leaving date has been set, but he will leave the board by the firm’s 2019 Annual General Meeting on 9 May 2019.

Howell says: “It has been my privilege to lead and work alongside the many talented professionals and dedicated support staff who compose Rathbones. I am very grateful for their considerable contribution to our success over the past five years. I look forward to working closely with Paul through the transition and I am confident that he will lead the firm to continued success.”

During Howell’s tenure, he has overseen a number of acquisitions, including wealth manager Speirs & Jeffrey, IFA network Vision Independent Financial Planning and the private client arms of Jupiter and Tilney.

Discussions with investment manager Smith & Williamson over another potential merger ended last year, however.

Rathbones chairman Mark Nicholls says: “Under Philip’s leadership, Rathbones has firmly established itself as the leading UK wealth manager and, on behalf of the board, I would like to thank him for the strong direction, unfailing commitment and dedication he has provided to Rathbones during his tenure.”



All mortgage transactions on hold as BoE hit by technical problems

UK borrowers cannot access a mortgage right now as the Bank of England confirmed a key payments system has been hit by technical problems. The Bank says it identified a technical issue this morning related to some routine maintenance of the real time gross settlement system payment system and has paused settlement while it resolves […]


Can the Sipp still survive?

Sipps have come under intense scrutiny, leading some to question whether they can continue in their current form Sipps have become more mainstream since pension simplification in 2006, with the creation of lower-cost platform-based products alongside the more traditional “full” Sipps. However, access to high-risk unregulated – or non-standard – Sipp investments, which are often […]

Claire Trott: The proof of the pension freedoms pudding

New figures show people are making the most of the freedoms, with a record-breaking number of payments made in Q3 HM Revenue & Customs’ most recent figures show a total of £21.7bn has been cashed in from pension pots since the freedoms were introduced in April 2015. Although the information from 2015 is not complete […]

Investment Clock Economic Update

In his latest Investment Clock economic report Ian Kernohan, Senior Economist at Royal London Asset Management, argues that ‘Lower for longer lives on’. Read the report 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 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm