Rathbones adds £307m in funds

WEALTH manager Rathbone Brothers showed it had continued to pull in clients over the summer, as it said yesterday that net new funds going into the firm hit £307m in the three months to September.

However, falling markets meant funds under management were £15.1bn, a 3.2 per cent drop over the period.

“We expect markets to remain nervous for the remainder of 2011 as inflation expectations and European sovereign debt uncertainties continue to dominate the headlines,” said chief executive Andy Pomfret.