Rathbones Group's funds under management and administration rose 4.5% in the final three months of 2023, despite suffering £300m in outflows from Investec W&I following the merger.
According to a fourth-quarter trading statement published today (17 January), the group closed the year with £105.3bn FUMA, up from £100.7bn in September 2023 and £60.2bn at the end of 2022. Of the total FUMA figure, £48bn came from Rathbones Investment Management (up from £45.1bn in 2022); £42.2bn from Investec W&I; £1.3bn from Saunderson House (down from £4.1bn last year) and £13.8bn from Rathbones Asset Management (up from £11bn in 2022). Rathbones Unit Trust Management rebrands to Rathbones Asset Management However, the group noted total net flows into wealth management flatlin...
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