RAT Rathbones Group Plc

 
TIDMRAT 
 
Rathbone Brothers Plc 
Trading Update and Notice of Results 
 
 
Trading Update 
Rathbone  Brothers Plc ("Rathbones"),  a leading provider  of discretionary fund 
management  and wealth management services  for private investors, charities and 
trustees, announces that: 
 
  * Total funds under management as at 31 December 2011 were  GBP15.85 billion, up 
    1.4% from  GBP15.63 billion as at 31 December 2010. 
  * Funds managed by Rathbone Investment Management Limited were  GBP14.76 billion 
    as at 31 December 2011, up 1.2% from  GBP14.59 billion as at 31 December 2010. 
    This compares to a 5.6% decrease in the FTSE 100 Index and a 2.8% decrease 
    in the FTSE APCIMS Balanced Index over the same period. 
  * The underlying annualised rate of net organic growth in funds under 
    management in Rathbone Investment Management Limited was 5.4% in the year 
    ended 31 December 2011 (2010: 5.3%). 
  * Acquired inflows of funds under management into Rathbone Investment 
    Management Limited totalled  GBP0.31 billion in the year (2010:  GBP0.60 billion) 
    which when added to net organic growth represents a net annual growth rate 
    of 7.5% (2010: 10.2%). 
  * The FTSE 100 Index ended 2011 at 5572 (2010: 5900) making the average index 
    5663 on quarter end billing dates in 2011 (2010: 5528). 
  * Cash held in client portfolios was  GBP0.9 billion as at 31 December 2011 
    (2010:  GBP0.8 billion). 
  * Funds managed by Rathbone Unit Trust Management Limited rose to  GBP1.09 
    billion as at 31 December 2011 from  GBP1.04 billion as at 31 December 2010, an 
    increase of 4.8%. Total net fund inflows were positive each month in 2011, 
    totalling  GBP35 million in the fourth quarter of 2011 and  GBP97 million for the 
    full year. 
 
Outlook 
Rathbones  is cautiously  optimistic about  the prospects  for 2012 with  the UK 
equity  market ending 2011 on a more positive  note.  There is no doubt that the 
uncertainties  over Europe persist but this  is balanced by indications that the 
economic  environment is showing small signs of improvement, particularly in the 
USA. 
 
Rathbones will continue investing to consolidate its position as a leading 
provider of high-quality, personalised discretionary investment management 
services. 
 
 
 
Notice of Results 
Rathbones  will issue its  preliminary statement of  annual results for the year 
ended  31 December 2011 on Tuesday 21 February  2012. Results are anticipated to 
be in line with expectations. 
 
ENDS 
 
10 January 2012 
 
 
For further information contact: 
 
 Rathbone Brothers Plc             Quill PR 
 Tel: 020 7399 0000                Tel: 020 7466 5054 
 email: marketing@rathbones.com 
 
 Mark Nicholls, Chairman           Hugo Mortimer-Harvey 
 Andy Pomfret, Chief Executive     Fiona Harris 
 Paul Stockton, Finance Director 
 
 
 
Rathbone Brothers Plc 
 
Rathbone Brothers Plc is a leading independent provider of high-quality, 
personalised investment and wealth management services for private investors, 
charities and trustees. This includes discretionary investment management, tax 
and financial planning and unit trusts. 
 
Rathbones has some 750 staff in 11 UK locations and Jersey, and has its 
headquarters in New Bond Street, London. 
 
From 27 February 2012, Rathbones' head office will move to 1 Curzon Street, 
London, W1J 5FB. 
 
www.rathbones.com 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Rathbone Brothers PLC via Thomson Reuters ONE 
 
[HUG#1576149] 
 

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