Rathbones' funds arm sees assets soar 17%

clock

Rathbone Unit Trust Management has seen its funds under management soar by 16.7% in the first quarter of 2014, according to results published today.

Net inflows of £222m helped RUTM grow its assets from £1.8bn at the end of December to £2.1bn by the end of Q1. Underlying net operating income soared 45.8% over the same time period, to £3.5m.

The results reveal a strong quarter for Rathbones, compared to average FUM growth among investment management companies of just 1.7% between December and March.

The group also revealed it had expanded its range of services after Rathbone Trust Company bought law firm Rooper & Whateley in May in a bid to "add depth to its range of advisory services".

Meanwhile Rathbone Investment Management saw FUM net growth of 6.1%, including inflows of £98m. Underlying net operating income was £46.3m – 11.3% higher than the same time last year.

Rathbones chairman Mark Nicholls said the firm had enjoyed a positive quarter despite the market's move sideways: “The recent acquisitions of Jupiter Asset Management Limited's private client and charity investment management business and Deutsche Bank's London private client investment management business are progressing well.

"Our outlook remains optimistic with the impact of recent acquisitions expected to have a positive effect on earnings in 2015. We are continuing to invest in people and systems whilst managing costs carefully and expect future growth opportunities to arise in the sector."

More on Investment

Event Voice: Stepping out of cash into the Credit Sweet Spot

Event Voice: Stepping out of cash into the Credit Sweet Spot

Peter Marsland, Fixed Income Investment Specialist, from Aberdeen discusses the Short Dated Enhanced Income Fund at the June Fixed Income Market Focus.

Peter Marsland, Fixed Income Investment Specialist
clock 08 July 2025 • 4 min read
Investors undergo 'buyers' strike' in June sending order values to two year low

Investors undergo 'buyers' strike' in June sending order values to two year low

Middle East conflict did not deter investors

Eve Maddock-Jones
clock 08 July 2025 • 2 min read
The big questions around re-evaluating risk for the retail investment industry

The big questions around re-evaluating risk for the retail investment industry

Discussions at Global Investment Management Summit

Katrina Lloyd
clock 08 July 2025 • 8 min read
Trustpilot