Rathbones

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.

Rathbones has won the £43m race to buy Jupiter's private client arm and is also to purchase part of Tilney IM's private client business in a separate £14m deal.

Rathbones has reported a 15% increase in pre-tax profit for 2013, to £44m, but its interest in a potential purchase of Jupiter's private client business remains uncertain.

Analysts at Numis have compared charges from the likes of Barclays, Brewin, Coutts and Rathbones to investigate how industry fees stack up against platforms' newly-unveiled clean prices.

Psigma Investment Management has hired Rathbones investment director Tim Wishart to lead its expansion in Scotland.

SECTOR ANALYSIS

Rathbones' chief investment officer Julian Chillingworth has labelled the apparent value in European equities ‘misleading', claiming the region is in for another year of anaemic growth.

Jupiter is looking at a sale of its private client business after receiving an unsolicited bid for the division, according to reports.

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

Rathbone Brothers has filed an appeal against the latest ruling in its ongoing Jersey trust legal battle.