Rathbone Brothers has seen a 10% rise in funds under management during Q3 after completing its acquisition of Jupiter Asset Management's private client and charity investment arms.
Total funds under management reached £26.3bn by September, up 10% from £23.9bn at the end of June, the group said this morning. The wealth manager completed the of the acquisition of Jupiter's private client and charity investment management business in September, which added some £1.9bn to FUM. Revenues also saw a double digit rise, up 13.4% to £49m compared to 2013. The wealth and asset manager saw net inflows of £2.4bn in the three months to end -September, including acquired new businesses of £2.1bn. Its unit trust arm contributed £100m to this figure, marginally up from £91...
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