Rathbones set to smash past the £25bn fund management barrier

Michael Bow
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RATHBONE Brothers, the FTSE 250 listed wealth manager, yesterday said its two recent acquisitions of fund units would boost its funds under management by 12 per cent once the deal was complete.

The firm, which caters for well heeled clients, acquired Jupiter Asset Management’s private clients business and Deutsche Bank’s London wealth management team earlier this year and said the acquisitions would take funds managed to £25.6bn.

Funds under management in the first quarter have already risen over 16 per cent in the past 12 months, and the business reported a 3.6 per cent rally in the first three months of this year alone.

The fund update was released to coincide with its annual meeting.