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Stonehage Fleming acquires Cavendish
6
May

Rathbones enjoys £1bn boost in assets post-acquisition

Rathbones has experienced a surge in its assets under management, following strong performances from its previous acquisitions.

Funds under management grew to over £55bn in the first quarter of 2021, an increase of £1bn.

The firm also saw annual net growth rate of over 5 percent, as total net flows came in at £700m. Rathbones’ investment management fees income increased by 40 per cent compared to the same period in 2020. This was plausibly due to the growth of fee-based income from the Speirs & Jeffrey acquisition in 2018.

Paul Stockton, chief executive of Rathbones, commented:

“We continue to deliver on our strategy, progressing our responsible investing agenda with the addition of four new Rathbone Greenbank multi-asset portfolios in the first quarter.

“As markets begin to look beyond the pandemic, we will pursue our plans to strengthen services to clients and advisers.”

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