Wealth Management

Rathbones to complete Investec client migration by first half of 2025 as outflows bite

Clients pulled £1.4bn in 2024 following its mega-merger with Investec Wealth & Investment

Rathbones total funds under management and administration hit £109.2bn at the end of December 2024, making it one of the UK’s largest wealth managers
Rathbones total funds under management and administration hit £109.2bn at the end of December 2024, making it one of the UK’s largest wealth managers Photo: Photo: Alamy

Rathbones will complete the transfer of Investec Wealth & Investment’s clients onto its platform during the first half of 2025, although the wealth manager continues to be stung by net outflows.

The FTSE-250 listed investment manager said in a 16 January trading update that it has made “substantial progress” on its integration with Investec’s wealth arm following their historic tie-up in September 2023.

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