Funds under management and administration (FUMA) totalled £109.2 billion at 31 December 2024 (30 September 2024: £108.8 billion, 31 December 2023: £105.3 billion). 

• £93.4 billion in the Wealth Management segment (£99.3 billion prior to the elimination of Wealth Management FUMA invested in the Asset Management segment of £5.9 billion). 
• £15.8 billion in the Asset Management segment. 

Financial highlights:

The group posted record gross inflows of £3.2 billion in Q4 (Q3 2024: £2.8 billion) supported by particularly strong discretionary inflows, offset by outflows of £3.4 billion (Q3 2024: £3.4 billion) which were partly elevated by a short-term increase in withdrawals of funds by existing clients around the UK Autumn Budget.

• Total net flows in Rathbones Investment Management discretionary & managed propositions were stronger at £0.4 billion (Q3 2024: £0.1 billion) reflecting extensive client engagement in a turbulent quarter. Net flows represent an annualised growth rate of 2.9% for the quarter and 2.0% for the year ended 31 Dec 2024 (2023: 1.5%).
• Outflows relating to previous Investec Wealth & Investment (IW&I) investment manager departures reduced materially in Q4 to their lowest level for the year. Investment manager turnover since the announcement of the combination remains low. Gross inflows however continued to be impacted by investment teams committing time to complete the final stages of the client consent process. Net outflows in IW&I were £0.4 billion in the final quarter (Q3 2024: £0.3 billion).
• Flows in single strategy funds continue to reflect the challenging market environment for active asset managers. However, net outflows reduced to £0.1 billion in the final quarter (Q3 2024: outflows of £0.2 billion).
• Execution only net outflows equated to £0.1 billion in the quarter, owing largely to the closure of a large, low margin account.

FULL STATEMENT HERE

For further information contact:

Rathbones Group Plc
Paul Stockton, Group Chief Executive Officer
Iain Hooley, Group Chief Financial Officer
Shelly Patel, Head of Investor Relations 

Tel: 020 7399 0071
Email: shelly.patel@rathbones.com 

Camarco
Ed Gascoigne-Pees
Tel: 020 3757 4980
Email: ed.gascoigne-pees@camarco.co.uk