Wealth Management

Rathbones profit spikes 70% after Investec Wealth & Investment merger

FTSE 250 firm sees total assets hit £109bn despite being stung by outflows

Rathbones boss Paul Stockton said the wealth manager has realised £30.1m of cost savings from its tie-up with Investec Wealth & Investment
Rathbones boss Paul Stockton said the wealth manager has realised £30.1m of cost savings from its tie-up with Investec Wealth & Investment

Rathbones’ profit spiked in its first full financial year since merging with Investec Wealth & Investment, despite being stung by outflows.

Profit before tax at the FTSE 250-listed wealth firm increased 72.9% to £99.6m in 2024, up from £57.6m in 2023, according to a 26 February trading update.

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