Rathbones has reported a 13.6% year-on-year increase in operating income for the first quarter of 2024, with the investment management side of the business hitting £204m.
In its Q1 results published today (9 May), the company noted an operating income of £223.6m, without the £89.8m contribution from IW&I. Rathbones raids Brown Shipley for five senior managers At the same time, total funds under management and administration (FUMA) reached £107.6bn during the first three months of 2024, increasing by 2.1% compared to the previous quarter. The largest share of assets was posted by Rathbones Investment Management (£49.2bn) and Investec Wealth & Investment (£42.2bn). Market and investment performance added £2.8bn to Rathbones' FUMA during the firs...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
