Rathbone Unit Trust Management (Rutm) has seen its funds under management increase 4.5 per cent to £2.3bn in the third quarter of 2014.
The interim management statement from parent company Rathbone Brothers notes the net inflows of £100m for Rutm were in spite of a “difficult third quarter for the industry”.
Meanwhile Rathbone Investment Management recorded total net inflows of £2.4bn in the three months. This was boosted by the acquisition of Jupiter Asset Management’s private client and charity business, which added £1.9bn of funds under management in the third quarter.
Overall Rathbone Brothers recorded a 10 per cent increase in total funds under management in the three months to £26.3bn, up from £23.9bn in June 2014, which it attributed to a combination of “continued net organic growth” with the successful Jupiter acquisition.
Philip Howell, chief executive of Rathbone Brothers, added: “Our outlook remains positive as we respond to the ongoing changes in the industry and continue to invest to ensure that we have the infrastructure and resources to support our growth objectives.”
