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Rathbone Brothers assets smash £60bn - CityAM : CityAM

Rathbone Brothers assets smash £60bn - CityAM : CityAM
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Rathbone Brothers Q1 Funds Under Management And Administration Rises


Rathbone Brothers Q1 Funds Under Management And Administration Rises
LONDON (dpa-AFX) - Rathbone Brothers (RAT.L) reported that its total funds under management and administration were 55.8 billion pounds at the end of the first quarter compared to 54.7 billion pounds at 31 December 2020.
Total net inflows across Investment Management and Rathbone Funds were 0.7 billion pounds in the first quarter, representing an annualised net growth rate of 5.1%.
Underlying net operating income was 107.3 million pounds for the three months ended 31 March 2021, an increase of 26.8% from the 84.6 million pounds in the corresponding period last year.
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Rathbone Brothers : Results statement - Q1 2021 Trading Update


First quarter trading update
Paul Stockton, Chief Executive of Rathbones, said:
Total funds under management and administration rose 2.0% in the first quarter to £55.8 billion reflecting continued good organic growth.
Our Funds business grew strongly, surpassing the £10 billion mark during the period, and combined with improved net organic inflows in our Investment Management business and positive market movements to deliver strong income growth.
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 and take advantage of future growth opportunities. ....

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