British wealth manager Rathbone Brothers has made two acquisitions, increasing assets under management by around 12.7 percent.
Rathbones has spent over £57 million on the acquisitions of Jupiter Asset Management Limited’s private client and charity investment management business and part of the London private client wealth management business of Tilney Investment Management Limited.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Jupiter and Tilney London acquisitions exemplify Rathbones’ ability to capitalise on earnings, thus giving them better opportunities to grow its business while financing future growth. As a result of these transactions the amount of surplus capital allocated by the company for acquisitions is expected to be largely utilised.
Rathbones also said it has raised £24.4 million in a share placing.
