15th Jan 2026 11:19
(Alliance News) - Rathbones Group PLC shares climbed on Thursday as funds under management and administration increased and it neared the end of the integration of Investec Wealth & Investment.
The London-based investment and wealth manager said funds under management and administration increased 2.3% to GBP115.6 billion at the end of December from GBP113.0 billion at the end of September. The figure is up 5.9% from GBP109.2 billion at the end of 2024.
Despite continued net outflows, Rathbones said the total group funds gained GBP3.12 billion from market and investment performance in the fourth quarter, and GBP8.78 billion for the full year.
Shares in Rathbones were up 4.8% at 2,095.00 pence on Thursday morning in London.
The firm said funds under management and administration in the Wealth Management segment were up 2.9% during the quarter to GBP106.2 billion from GBP103.2 billion.
Funds under management and administration in the Asset Management segment climbed 1.8% during the final quarter of 2025 to GBP16.6 billion from GBP16.3 billion.
This includes GBP7.2 billion of Wealth Management funds under management and administration invested in the Asset Management segment.
Total net outflows in the quarter were GBP464 million, up 76% from GBP264 million of outflows in the final quarter of 2024. Total net outflows for the full year were GBP2.06 billion.
Net outflows in the Wealth Management segment in the fourth quarter were GBP64.0 million, down 64% from GBP180.0 million a year before. Net outflows in the Asset Management segment were GBP93.0 million, swung from net inflows of GBP41.0 million a year prior.
The fourth-quarter figures include GBP307.0 million of Wealth Management inflows that were invested in the Asset Management segment.
During the first half of 2025, Rathbones completed the client and asset migration of Investec Wealth & Investment. In September 2023, it concluded the all-share combination with Investec W&I, which had been a UK division of Investec PLC and Ltd.
"I am grateful to my colleagues for their extraordinary efforts in 2025 in integrating Rathbones and Investec Wealth & Investment UK. As that process approaches its conclusion, our opportunity now is to take advantage of our core strengths to grow the business organically over time," said Rathbones Chief Executive Officer Jonathan Sorrell.
By Michael Hennessey, Alliance News reporter
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