Pre-tax profits soar 30% at Rathbones

24.7% FUMA increase YoY

Pre-tax profits have jumped more than 30% at Rathbones to £120.7m, up from £92.5m in 2020, according to the firm's preliminary results.

Total funds under management and administration (FUMA) at the group totalled £68.2bn at the end of 2021, up 24.7% compared to the end of last year, when the asset manager closed at £54.7bn. Investment management funds reached £50.3bn, an increase of 12% over last year, which ended the previous period at £44.9bn. An additional £4.9bn was taken in following the completion of the firm's acquisition of wealth manager Saunderson House in October 2021. Rathbones funds totalled £13bn over the year, an increase of 32.7% compared to 2020, which closed at £9.8bn. "We set out our focused s...