Rathbone Bros sees assets under management climb

Wealth manager Rathbone Brothers said total funds under management at 31 December were up by 19.3 per cent to £15.63bn.

That compares with £13bn at the same point in 2009.

"Provided that the deficit reduction measures now being implemented in the UK and elsewhere do not precipitate a "double-dip" recession, Rathbones can look forward with cautious optimism," the company said in its trading update.