We are currently investigating intermittent issues affecting access to some articles and pages on our site. We apologize for any inconvenience and are working to resolve this as quickly as possible.

Rathbones posts rise in funds as confident on synergy targets

(Alliance News) - Rathbones Group PLC on Thursday said the integration of Investec Wealth & ...

Alliance News 16 January, 2025 | 12:19PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Rathbones Group PLC on Thursday said the integration of Investec Wealth & Investment was performing well as it announced an increase in funds under management.

The London-based investment and wealth management company said funds under management and administration rose 3.6% to GBP109.16 billion as of December 31, from GBP105.34 billion a year prior.

The company noted that the integration of Investec Wealth & Investment continued to perform well.

"The client consent process is well-progressed with very encouraging responses, and we continue to anticipate completing the client migration onto a single operating platform during the first half of 2025. We remain confident in the delivery of our synergy targets, including our 2025 target of at least 70% of total synergies being achieved this year on a cumulative run-rate basis," Rathbones said.

It added: "Our combined business offers the strength and resilience to manage through challenging market conditions, providing a personalised service that ensures clients benefit from disciplined, long-term investment strategies and advice tailored to their specific financial goals."

In September last year, Rathbones Group PLC completed an all-share combination with Investec Wealth & Investment Ltd, which had been a UK division of Investec. Investec Wealth & Investment UK is now reported as part of Rathbones. Investec owns around 41% of Rathbones.

Rathbones will release 2024 results on February 26.

Rathbones shares fell 2.0% to 1,644.00 pence each on Thursday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Rathbones Group PLC 1,672.00 GBX -0.36 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures