Rathbone Brothers Rathbone Brothers Plc : 4th Quarter 2013 Trading Statement
January 09 2014 - 2:00AM
UK Regulatory
TIDMRAT
Trading Update
Rathbone Brothers Plc ("Rathbones") announces that:
-- Total funds under management as at 31 December 2013 were GBP22.0 billion,
up 22.2% from GBP18.0 billion as at 31 December 2012 and up 5.8% from
GBP20.8 billion as at 30 September 2013.
-- Funds managed by Rathbone Investment Management Limited were GBP20.2
billion as at 31 December 2013, up 21.0% from GBP16.7 billion as at 31
December 2012. This compares to a 14.4% increase in the FTSE 100 Index
and a 10.8% increase in the FTSE WMA (formerly APCIMS) Balanced Index
over the same period.
-- The total rate of net inflows in funds under management in Rathbone
Investment Management Limited was 9.0% (2012: 6.2%) for the year ended 31
December 2013 and 8.5% (on an annualised basis) for the fourth quarter
(Q4 2012: 8.1% annualised).
-- The underlying rate of net organic growth in funds under management in
Rathbone Investment Management Limited was 5.4% for the year ended 31
December 2013 (2012: 3.0%) and 7.2% (on an annualised basis) for the
fourth quarter (Q4 2012: 2.7% annualised).
-- Acquired funds under management were GBP600 million (2012: GBP486
million) for the year ended 31 December 2013 and GBP46 million (2012:
GBP182 million) for the fourth quarter.
-- Funds managed by Rathbone Unit Trust Management Limited rose to GBP1.8
billion as at 31 December 2013 from GBP1.3 billion as at 31 December
2012, an increase of 38.5%. Total net fund inflows totalled GBP170
million in the fourth quarter of 2013 (Q4 2012: GBP14 million) and GBP327
million for the full year (2012: GBP66 million).
Outlook
Our outlook remains positive as we start 2014, in line with the current
sentiment in investment markets. Rathbones remains well positioned to
take advantage of growth opportunities as they arise and continues to
consolidate its position as a leading provider of high-quality,
personalised investment and wealth management services.
Notice of Results
Rathbones will issue its preliminary statement of annual results for the
year ended 31 December 2013 on Thursday 20 February 2014.
Results are anticipated to be in line with expectations.
ENDS
9 January 2014
For further information contact:
Rathbone Brothers Plc Quill PR
Tel: 020 7399 0000 Tel: 020 7466 5056
email: marketing@rathbones.com email: sam@quillpr.com
Mark Nicholls, Chairman Sam Emery
Andy Pomfret, Chief Executive
Philip Howell, Deputy Chief Executive
Paul Stockton, Finance Director
Rathbone Brothers Plc
Rathbone Brothers Plc is a leading provider of high-quality,
personalised investment and wealth management services for private
clients, charities and trustees. This includes discretionary investment
management, unit trusts, tax planning, trust and company management,
pension advice and banking services.
Rathbones has over 850 staff in 13 UK locations and Jersey, and has its
headquarters in Curzon Street, London.
www.rathbones.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Rathbone Brothers PLC via Globenewswire
HUG#1753503
http://www.rathbones.com/
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