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Investing.com -- Rathbones Group on Wednesday reported a 3.7% rise in funds under management and administration in the third quarter, lifting total assets to £113 billion at the end of September from £109.0 billion at the end of June.
The company’s shares edged slightly higher in early London trading.
Wealth Management assets rose to £103.2 billion, while the Asset Management arm increased to £16.3 billion.
Total operating income came in at £236.4 million for the period, a 7.2% increase from £220.6 million a year earlier, supported by market performance and higher average FUMA.
The group also confirmed it has now achieved its annualised £60 million synergy target following two years of integration work.
Net outflows remained at £0.6 billion, unchanged from the same period last year. Wealth Management saw £297 million of net withdrawals, an improvement on the £408 million outflow in the prior-year quarter.
Asset Management recorded £229 million of net outflows versus a £36 million inflow a year earlier. Around £66 million of inflows from Wealth Management were allocated into Rathbones’ Asset Management products during the quarter.
Chief executive Jonathan Sorrell said he had spent his first months engaging with staff and clients and stressed the group’s strategic strengths, noting “great people, trusted client relationships, and the scale to invest in our future.”
He credited teams for “tremendous work integrating the business over the past two years” and said that foundation will support the next phase of growth.
Sorrell acknowledged a difficult domestic backdrop, citing the uncertain economic environment ahead of the U.K. Budget, but said the group’s priority is to return to positive net inflows.
“The opportunity ahead is significant and we are committed to capturing it through sustained effort and consistency of purpose,” he added.
Rathbones will publish a further trading update on 15 January 2026.