Rathbone Brothers sees rise in funds under management
Rathbones Group
2,110.00p
16:39 30/11/22
2.18%
45.00p
Wealth manager Rathbone Brothers reported a rise in funds under management and administration in the first nine months of 2021, with positive net organic inflows in the third quarter.
Financial Services
13,068.21
16:39 30/11/22
2.42%
308.39
FTSE 250
19,163.33
16:55 30/11/22
n/a
n/a
FTSE 350
4,180.85
16:39 30/11/22
n/a
n/a
FTSE All-Share
4,139.65
17:14 30/11/22
n/a
n/a
The company on Thursday said funds under management rose 11% to £60.9bn at September 30. Third quarter gross inflows were £1.1bn, almost double year on year, and net organic inflows were £329m.
Underlying net operating income of £106.4 was, up 22% from a year earlier. Investment management fees rose 28.2%, offsetting lower commissions, and net interest income of 8.9% and 61.3% respectively.