Stock Spotlight: Rathbones Group is 'firing on all cylinders' as third century nears

AUM and AUA up to £68.2bn

The 280-year-old asset manager Rathbones Group began life in 18th century Liverpool as a timber trading business, before shifting to cotton and eventually abandoning all trading operations in the early 20th century.

It instead focused on financial management, first for the family, then the general public more widely, listing on London Stock Exchange in 1988 as Rathbone Brothers. In December 2021, the UK's third largest wealth manager replaced ‘Brothers' with ‘Group' in order to "more accurately [represent] the collection of businesses, teams and individuals who form the Rathbones Group today". Last week, the FTSE 250 firm revealed its funds under management and administration had jumped from £54.7bn to £68.2bn, exceeding analyst expectations. "Rathbones Group is firing on all cylinders with fu...