Rathbone’s funds under management top £20bn

RATHBONE Brothers, the asset management group founded in Liverpool in 1742, but now run out of London, has reported continued strong performance.

The group, which has a base at thwe Port of Liverpool Building and more than 840 staff in 13 UK locations and Jersey, said that in the nine months to September 30  it had grown its funds under management by 15.6% to £20.8bn. During the third quarter FUM rose by £900m a 4.5% increase.
 
Net operating income was 12.7% ahead on the first nine months of 2012 at £123.3m.

Chief executive Andy Pomfret said with markets recovering investment conditions had been favourable in 2013.

He added: “Our outlook remains positive as we continue to respond to the ongoing changes in the industry and develop as a leading UK provider of high-quality personalised discretionary investment management services.”