Rathbone Brothers saw total funds under management rise 13.4% to £18bn in 2012 but the underlying rate of growth slowed in what it described as a "challenging" year.
The underlying annualised rate of net organic growth in Rathbone Investment Management's funds under management rose by 3%, down from 5.4% in 2011 but ahead of some analyst estimates. Total FUM at its wealth business rose 13.2% to £16.7bn in the 12 months to 31 December. Funds managed by Rathbone Unit Trust Management rose by 16.5% to £1.27bn over the year. However, total fund inflows totalled just £66m, down from £97m in 2011. The group said it was more optimistic heading into 2013 after a tough 2012. "After a challenging 2012, UK equity markets ended the year on a more positiv...
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