Wealth management group reports better start to second quarter trading
Rathbone Brothers, the wealth management group, predicatably, given the unprecedented conditions, reported a fall in its funds under management and administration in a first quarter trading update today, covering the period ended March 31.
However, it revealed that second quarter trading has started well, with positive net organic inflows.
Total funds under management and administration decreased by 15.4% to £42.6bn at the end of the first quarter, compared with £50.4bn at December 31, 2019.
By comparison, the FTSE 100 Inde... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
