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Rathbones profit soars materially ahead to £48 8m
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How does Rathbones acquisition of Saunderson House stack up?
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Rathbones to acquire UK advice firm for £150m
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Rathbones assets inch up as net income jumps 27%
Total net inflows across both business sectors during Q1 were £700m
Rathbones total funds under management nudged up slightly in the first quarter, hitting £55.8bn.
This was an increase of 2% from £54.7bn at the end of December 2020.
Assets in the investment management business totalled £45.5bn, up from £44.9bn at the end of 2020, while the funds business saw AUM reach £10.3bn, up from £9.8bn.
Total net inflows across both business sectors during the quarter were £700m, the same as for Q1 2020. This represented an annual net growth rate of 5.1%.
Investment management net flows were £200m, compared with nil in Q1 2020, while for the funds business they were £500m compared with £200m for Q1 2020.