Rathbones FUM soars 22% in 2013

Rathbone Brothers has seen a successful 2013, with total funds under management rising 22% by the end of the year to £22bn.

The fourth quarter alone saw assets increase by £1.2bn, or 5.8%, as net inflows and organic growth escalated from last year. Total inflows into Rathbone Investment Management were 9% for the year, up from 6.2% the previous year, while organic growth contributed 5.4% to the increase. The unit trust arm of the business, Rathbone Unit Trust Management, saw a five-fold increase in inflows for the year, up from £66m in 2012 to £327m by the end of December. Its funds under management also jumped 38.5% year on year, reaching £1.8bn by year-end. The group said: "Our outlook remains posi...