Rathbones warns of volatile year ahead despite AUM jump

Rathbones has reported a sharp jump in assets under management for 2014 but adopted a cautious stance on the outlook for investors over the next 12 months.

In a trading update, Rathbones warned investors may be in for a rocky ride this year, but said it expected its full-year results to be in line with expectations. The group said: "Although we expect investment markets to continue to be volatile in 2015, our outlook remains positive. "We continue to pursue our growth objectives, whilst responding to ongoing changes in the industry, and investing to ensure that we continue to have the right level of infrastructure and resources." Total funds under management across the Rathbone Brothers group were up 23.6% over the year, from £22bn at...