Rathbones reports minor AUM boost pre-Investec W&I merger

Merger prospectus due in Q2

Rathbones reported an increase of 1.1% in its total funds under management and administration for Q1 2023, totalling £60.9bn in its final set of results before it combines with Investec W&I UK.

The latter purchased Rathbones for £839m deal back in April, but the trading period update covers the three months prior the deal, a collaboration Paul Stockton, CEO of Rathbones, said "represents a significant opportunity in our sector to become the UK's leading discretionary wealth manager". In the notice, Stockton also said the new prospectus and circulation regarding the merger will be published later on in Q2. Rathbones retains all Square Mile ratings following Investec W&I merger For the period from 1 January to 31 March 2023, the AUM inflows split into £45.8m to Rathbones' i...