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Rathbones reports net inflows as income soars 26.8% Content by subject Professional Adviser hosts must-attend events for the financial adviser sector. The success and reach of the brand has enabled us to deliver a series of market-leading events, including our popular breakfast briefings, awards and conferences. Download and use the apps Access your subscription from outside of the office Get relevant news and insight straight to your inbox Quarterly update Anna Federova Rathbone Brothers saw net inflows of £700m across its investment management and Rathbone Funds divisions in the first three months of 2021, the firm has reported in its latest quarterly update. ....
Former Phoenix chief becomes Rathbones chairman By Michael Klimes 6 Rathbones has confirmed Clive Bannister has become chairman in a market update today. The first quarter trading statement said Bannister formally succeeds interim chairman Jim Pettigrew. Colin Clark will also today succeed Pettigrew as senior independent director, subject to regulatory approval. These changes were brought forward after non-executive chairman Mark Nicholls stepped down earlier than previously announced for personal reasons. Total funds under management and administration totalled £55.8bn at the end of the first quarter compared to £54.7bn as at 31 December 2020. Underlying net operating income totalled £107.3m for the three months ended 31 March 2021. ....
6 May 2021 | 07:59am StockMarketWire.com - Rathbone Brothers total funds under management and administration were up 2% in the first quarter of 2021 at £55.8 billion on the back of good organic growth. Total net inflows across investment management and Rathbone Funds were £0.7 billion in the first quarter, representing an annualised net growth rate of 5.1%. Despite an uncertain backdrop, gross organic inflows in investment management totalled £1.2 billion in the first quarter, up from £1 billion for the same period in 2020, with net inflows of £0.2 billion. Rathbone Funds recorded over £1.1 billion of gross inflows in the period, with net inflows of £0.5 billion. This represents an annualised net organic growth rate of 21.4%. ....
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Rathbone Brothers FY Pre-tax Profit Rises LONDON (dpa-AFX) - Investment and wealth management services provider, Rathbone Brothers Plc (RAT.L) reported that its profit before tax for the year ended 31 December 2020 rose to 43.8 million pounds from last year s 39.7 million pounds, reflecting a number of expected items, primarily in relation to the acquisition of Speirs & Jeffrey. But profit attributable to equity holders of the company for the year declined to 26.65 million pounds or 47.6 pence per share from 26.92 million or 48.7 pence per share in the prior year. On an underlying basis, earnings per share were 133.3 pence in 2020, compared to 132.8 pence in 2019. Net interest income for the year dropped to 8.42 million pounds from 16.41 million pounds in the prior year. Net fee and commission income was 353.75 million pounds down from 328.97 million pounds in the previous year. ....