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