Rathbone Brothers PLC
10 January 2008
10 January 2008
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 and trustees, is
pleased to announce that total funds under management as at its year end, 31
December 2007, stood at £13.12 billion, a rise of 7.2% compared with £12.24
billion as at 31 December 2006.
During the same period the FTSE 100 Index rose by 3.8% and the FT All-Share
Index by 2.0%. The FTSE/APCIMS Balanced Index, which Rathbones regards as the
index which most closely reflects the spread of investments held by its private
investor and trustee clients, rose by 2.5% during the year.
Funds managed by Rathbone Investment Management Limited rose 8.2% over the 12
months to 31 December 2007 to £11.23 billion. Funds managed by Rathbone Unit
Trust Management rose from £1.86 billion to £1.89 billion, an increase of 1.6%
during the year.
Notice of Results
Rathbone Brothers Plc will issue its preliminary results for the year ended 31
December 2007 on Thursday 6 March 2008, which are anticipated to be in line with
market expectations.
ENDS
For further information contact:
Rathbone Brothers Plc 020 7399 0000 (Switchboard)
Mark Powell, Chairman
Andy Pomfret, Chief Executive
Emily Morris, Marketing Director
Smithfield 020 7360 4900
Reg Hoare/Miranda Good
Notes for editors:
Rathbone Brothers Plc specialises in providing, through its subsidiaries,
personalised investment management and wealth management services for private
clients and trustees, including discretionary asset management, tax planning,
trust and company management, and banking services. It manages £13.12 billion of
funds, including £1.89 billion managed by Rathbone Unit Trust Management (as at
31 December 2007). For existing investment management and trust company clients,
Rathbones offers a range of banking services, from overnight cash and currency
accounts to time deposits and overdraft facilities.
This information is provided by RNS
The company news service from the London Stock Exchange
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