8th Jan 2007 07:00
Rathbone Brothers PLC08 January 2007 Rathbone Brothers PlcTrading statement8 January 2007 Trading Update Rathbone Brothers Plc, a leading provider of discretionary fund management andwealth management services for private investors and trustees, is pleased toannounce that total funds under management as at its year end, 31 December 2006,stood at £12.2 billion, a 14.0% increase over the half year (30 June 2006:£10.7bn) and a 28.4% increase during 2006 (31 Dec 2005: £9.5bn). Funds managed by Rathbone Investment Management Limited, the majority of whichare discretionary accounts, stood at £10.3 billion, an increase of 24.1% overthe 12 months to 31 December 2006. The FTSE/APCIMS Balanced Index, which is theindex which most closely reflects the spread of investments held by RathboneInvestment Management clients, rose by 6.8% over 2006 and the FTSE 100 Indexrose by 10.7%. Funds managed by Rathbone Unit Trust Management Limited stood at £1.9 billion,an increase of 58.3% during 2006. Disposal On 19 December 2006, Rathbone Investment Management Limited sold to ButterfieldBank (UK) Limited that part of its UK private banking business that it purchasedin April 2006 alongside an investment management business. The gross assetstransferred comprised a loan book of £33m. Completion took place on 5 January2007. Rathbone Investment Management Limited continues to hold a banking licence andto offer banking services to its investment management and trust company clientsincluding overnight cash and currency accounts, time deposits, loans andoverdraft facilities. Notice of Results Rathbone Brothers Plc will issue its preliminary results for the year ended 31December 2006 on Thursday 1 March 2007 which are anticipated to be broadly inline with market expectations. ENDS For further information contact: Rathbone Brothers Plc 020 7399 0000 (Switchboard) Mark Powell, ChairmanAndy Pomfret, Chief ExecutiveEmily Morris, Marketing Director Smithfield 020 7360 4900 Miranda Good/ Reg Hoare Notes for editors: Rathbone Brothers Plc specialises in providing, through its subsidiaries,personalised investment management and wealth management services for privateclients and trustees, including discretionary asset management, tax planning,trust and company management, and banking services. It manages £12.2 billion offunds, including £1.9 billion managed by Rathbone Unit Trust Management (as at31 December 2006). For existing investment management and trust company clients,Rathbones offers a range of banking services, from overnight cash and currencyaccounts to time deposits and overdraft facilities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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