Rathbone defies ‘challenging year’

WEALTH management and investment provider Rathbone Brothers has announced a 21.8% increase in profits – from 50.5m to £61.5m.

Chairman Mark Nicholls said the success was despite a challenging year for most investment markets in 2014.

“Rathbones had another good year and achieved strong and broad-based growth,” he said. “Our total funds under management grew by 23.6% over the year to £27.2bn and we warmly welcomed more than 5,000 new clients during the year.

“We look forward to future growth opportunities in the sector, but remains aware of the possible adverse market effect that current political and economic uncertainty, both in this country and overseas, may have.”

Rathbones was originally founded in Liverpool in the 17th Century but is now based in London.