View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 20, 2014updated 04 Apr 2017 2:29pm

Rathbone pre-tax profit up 15% at £44.2 million in 2013

British fund manager Rathbone Brothers has posted pre-tax profit of £44.2 million for the year ended 31 December 2013, an increase of 14.8%, compared to £38.5 million in 2012.

By Verdict Staff

British fund manager Rathbone Brothers has posted pre-tax profit of £44.2 million for the year ended 31 December 2013, an increase of 14.8%, compared to £38.5 million in 2012.

Total funds under management were £22 billion at 31 December 2013, an increase of 22.2% from £18 billion at 31 December 2012.

The total net annual growth rate of funds under management for Rathbone Investment Management was 9%, versus6.2% in 2012.

Net operating income in Rathbone Investment Management of £165.3 million for the year ended 31 December 2013, compared to £146.7 million a year ago which represents an increase of 12.7%.

Net interest income in Rathbone Investment Management was £8.6 million compared to £9.9 million a year ago.

Rathbone Unit Trust Management saw positive net monthly sales throughout 2013 helping its funds under management to increase by 38.5% to £1.8 billion at 31 December 2013, compared with £1.3 billion a year ago.

Profit before tax in Rathbone Unit Trust Management was £1.4 million for the year ended 31 December 2013, versus £0.6 million in 2012.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International