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Rathbones boosts AUM to £22bn

Rathbones has seen funds under management increase by 22 per cent to £22bn in the fourth quarter of 2013, up from £18bn in the same period in 2012.

Funds managed by Rathbones were up 21 per cent to £20bn during the quarter, increasing from £16.7bn in Q4 2012.

Total net inflows in Rathbones Investment Management rose to 9 per cent in the fourth quarter and stood at 8.5 per cent for the fourth quarter on an annualised basis.

Rathbones acquired £600m in funds during the year and £46m in Q4.

Funds managed by Rathbones Unit Trust Management rose 38 per cent to £1.8bn from £1.3bn in 2012.

A Rathbones statement says: “Our outlook remains positive as we start 2014, in line with the current sentiment in investment markets. Rathbones remains well positioned to take advantage of growth opportunities as they arise.”

The firm is set to announce its preliminary statement of annual results for 2013 on 20 February.

Concept Financial Planning managing director Paul Richardson says: “These figures are probably in line with increases in the market across the board rather than evidence of any great performance by Rathbones.”

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