Rathbones Group PLC
19.70
EUR
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Rathbones Group PLC
GETTEX:894100
(Gettex)
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19.70
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ROIC.AI
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- Business
- Rathbones Group Plc is a United Kingdom-based investment management company founded in 1971 and headquartered in London. The company provides a broad range of wealth and asset management services, including discretionary investment management; financial planning; legal advisory; tax planning; trust and company management; pension fund services; and banking and custody services. Rathbones primarily serves private clients, charities, trustees, and non-profit organizations with tailored investment and wealth management solutions across the UK and Channel Islands. Rathbones operates through its principal subsidiary, Rathbone Investment Management Limited, and has expanded its offerings through strategic acquisitions. Notably, in 2024, Rathbones completed the acquisition of Investec Wealth & Investment UK (IW&I), significantly enlarging its platform and client base to around 55,000 clients, achieving record gross inflows and synergy targets ahead of schedule. The company also acquired Speirs & Jeffrey, Scotland’s largest independent wealth manager, augmenting its presence and capabilities in Scotland with £6.7 billion in funds under management. In 2022, Rathbones acquired parts of Jupiter Asset Management’s private client and charity investment management business and the London private client wealth management business of Tilney Investment Management, further broadening its client services. Recent strategic initiatives include a successful property consolidation program and organizational changes contributing to cost and revenue synergy improvements, which led to an increase in the underlying operating margin to 25.4% by the end of 2024. Rathbones also launched a £50 million share buyback program managed independently by Merrill Lynch International, demonstrating financial discipline and shareholder value focus. The company continues to emphasize maintaining high client service levels and integrating acquired clients into the Rathbones platform to strengthen its market position. Rathbones serves a diverse client base with sophisticated financial needs, mainly operating in the UK market but with an extended footprint due to its acquisitions. The company targets private individuals, charities, trustees, and institutions requiring bespoke wealth management solutions. Its business model emphasizes personalized service and long-term client relationships supported by investment expertise and responsible investment principles. Overall, Rathbones Group Plc stands as a leading wealth manager in the UK with comprehensive capabilities in investment management, financial planning, and associated wealth services, fortified by recent acquisitions and strategic platform expansion driving growth and operational efficiencies. The company remains committed to delivering tailored investment solutions while integrating new businesses to enhance scale and service excellence.
Company News
Rathbones cut to 1,950p on regulatory headwind; 'outperform' intact on valuation
Rathbones shares slump 16.5% after FCA-prompted review finds wealth management failings
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Rathbones upgraded to 'buy' as new CEO sets out plan to become the UK's best wealth manager
Rathbones shares rise 5% as wealth manager reports surge in statutory profit