Rathbone Brothers Plc : Trading Statement

Rathbone Brothers Plc
Trading Update and Notice of Results

Rathbone Brothers Plc ("the Company") announces a trading update for the three months ended 31 December 2015.

• Total funds under management at 31 December 2015 were £29.2 billion, up 5.8% from £27.6 billion at 30 September 2015 and up 7.4% from £27.2 billion at 31 December 2014.
• Funds managed by Rathbone Investment Management were £26.1 billion at 31 December 2015, up 5.7% from £24.7 billion at 31 December 2014. The FTSE 100 Index decreased 4.9% and the FTSE WMA Balanced Index decreased 0.2% over the same period.
• Total net inflows in Rathbone Investment Management for the fourth quarter were £368 million (Q4 2014: £327 million). The total for the year was £1.4 billion (2014: £4.0 billion, which included the impact of acquisitions made during that year).
• The underlying rate of net organic growth in funds under management in Rathbone Investment Management for the three months ended 31 December 2015 was 3.7% (2014: 2.1%) and 3.0% for the year ended 31 December 2015 (2014: 4.0%).
• Funds managed by Rathbone Unit Trust Management were £3.1 billion at 31 December 2015, up 24.0% from £2.5 billion at 31 December 2014. Total net fund inflows totalled £165 million in the fourth quarter of 2015 (Q4 2014: £115 million) and were £371 million for the full year (2014: £554 million).
• Following the announcement on 1 October 2015, the Company completed the purchase of the remaining 80.1% of the issued share capital of Vision Independent Financial Planning Limited and Castle Investment Solutions Limited on 31 December 2015.

Outlook
We continue to pursue our growth objectives but will more frequently review the timing and priority of projects as long as financial markets remain subdued. We retain an appetite for acquisitions that fit our culture, and look forward to 2016 with cautious optimism.

Notice of Results
The Company will issue its preliminary statement of annual results for the year ended 31 December 2015 on Wednesday 24 February 2016.

Funds under management

	3 months ended 31 December			Year ended 31 December
	2015	2014		2015	2014
	£m	£m		£m	£m
(i) Investment Management
Opening FUM (1 October / 1 January)	24,842	23,923		24,672	20,191
Net inflows	368	327		1,414	3,967
Organic new business	227	105		739	810
Acquired new business	141	222		675	3,157
Market adjustment	916	422		40	514
Closing FUM (31 December) 1	26,126	24,672		26,126	24,672
Underlying annualised rate of net organic growth	3.7%	2.1%		3.0%	4.0%
Annualised rate of net inflows	6.0%	6.5%		5.7%	19.6%
(ii) Unit Trusts
Opening FUM (1 October / 1 January)	2,764	2,333		2,521	1,856
Net inflows	165	115		371	554
Market adjustment	144	73		181	111
Closing FUM (31 December)	3,073	2,521		3,073	2,521
Total FUM (31 December)1	29,199	27,193		29,199	27,193

¹ Includes £1,049 million (31 December 2014: £963 million) of execution only funds

ENDS

7 January 2016

For further information contact:

Rathbone Brothers Plc Tel: [phone] email: [e-mail]   Philip Howell, Chief Executive Paul Stockton, Finance Director	Camarco Tel: [phone] email: [e-mail]   Ed Gascoigne-Pees
Shelly Chadda, Investor Relations Manager

Rathbone Brothers Plc

Rathbone Brothers Plc ("Rathbones"), through its subsidiaries, 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 1,000 staff in 15 UK locations and Jersey, and currently has its headquarters in Curzon Street, London.

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#1977125