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Investment management firm, Rathbones, has reported a 25% growth in funds under management as well as what it describes as 'significant' growth in revenue, as a result of an ongoing local and international expansion strategy.
Commenting on this performance, Jonathan Giles, Managing Director of Rathbones Investment Management International Limited said “These results reflect an extremely strong year for our business and demonstrate the value of an experienced team that simply puts clients first, engages with their advisors and delivers good performance.”
“This momentum has carried into 2017 and we continue to invest in the best interests of our clients and growth of our business, such as the launch of the Rathbones Private Office and ongoing recruitment of talented people."
The Jersey subsidiary of Rathbones Investment Management Limited has seen total funds under management rise to £1.52billion at 31 December 2016, an increase of 25% during the year.
Revenue increased by 15% to £9.94m over the same period and profit before tax grew substantially to £1.90million from £0.71million.
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