Acquisition helps Rathbones assets reach £44bn

clock • 2 min read

The acquisition of fellow wealth manager Speirs and Jeffrey has helped Rathbones fended off market turmoil at the end of the year and boosted the assets under management of Rathbones during 2018. In results for 2018 posted, Rathbones says total funds under management increased by 12.8%, from £39.1bn to £44.1bn in the year, despite the FTSE falling 12.5% over the period. These assets generated a net income of £275.3m, compared with £254m for 2017. The acquisition of Speirs and Jeffrey contributed £8.7m. The company recorded a profit before tax of £87.4m, up 4.7% on 2017. Rathbone...

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