Rathbone Brothers Rathbone Brothers Plc : Trading Statement

 
TIDMRAT 
 
   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 2016. Trading in the period was robust, 
reflecting a rally in investment markets and positive transaction 
volumes. 
 
 
   -- Total funds under management at 31 December 2016 were GBP34.2 billion, up 
      17.1% from GBP29.2 billion at 31 December 2015. 
 
   -- Funds under management in Investment Management were GBP30.2 billion at 
      31 December 2016, up 15.7% from GBP26.1 billion at 31 December 2015. The 
      FTSE 100 Index increased 14.4% and the FTSE WMA Balanced Index increased 
      13.6% over the same period. 
 
   -- Total net inflows in Investment Management for the fourth quarter were 
      GBP292 million (Q4 2015: GBP368 million). The total for the year was 
      GBP1.2 billion (2015: GBP1.4 billion). 
 
   -- The underlying rate of net organic growth in funds under management in 
      Investment Management for the three months ended 31 December 2016 was 
      2.9% (2015: 3.7%) and 2.9% for the year ended 31 December 2016 (2015: 
      3.0%). 
 
   -- Funds managed by Unit Trusts were GBP4.0 billion at 31 December 2016, up 
      29.0% from GBP3.1 billion at 31 December 2015. Total net fund inflows 
      totalled GBP125 million in the fourth quarter of 2016 (Q4 2015: GBP165 
      million) and were GBP554 million for the full year (2015: GBP371 
      million). 
 
   Outlook 
 
   Despite the market rally in the last quarter of 2016, political and 
economic uncertainty could particularly impact investment markets in 
2017. We expect to pursue planned growth initiatives in the coming year 
and continue to prioritise expenditure that enhances our client service 
and upgrades our infrastructure. We retain an appetite for acquisitions 
that fit our culture and look forward with cautious optimism. 
 
   Notice of Results 
 
   The Company will issue its preliminary statement of annual results for 
the year ended 31 December 2016 on Thursday 23 February 2017. 
 
   Funds under management 
 
 
 
 
                                             3 months ended     Year ended 
                                               31 December      31 December 
                                             2016     2015     2016    2015 
                                             GBPm     GBPm     GBPm    GBPm 
 
  (i) Investment Management 
Opening FUM (1 October / 1 January)          29,300   24,842  26,126  24,672 
Net inflows                                     292      368   1,184   1,414 
 Organic new business                           215      227     747     739 
 Acquired new business                           77      141     437     675 
Market adjustment                               592      916   2,874      40 
Closing FUM (31 December) (1)                30,184   26,126  30,184  26,126 
 
Underlying annualised rate of net organic 
 growth                                        2.9%     3.7%    2.9%    3.0% 
Annualised rate of net inflows                 4.0%     6.0%    4.5%    5.7% 
 
(ii) Unit Trusts 
Opening FUM (1 October / 1 January)           3,862    2,764   3,073   2,521 
Net inflows                                     125      165     554     371 
Market adjustment                                64      144     424     181 
Closing FUM (31 December)                     4,051    3,073   4,051   3,073 
 
Total FUM (31 December)(1)                   34,235   29,199  34,235  29,199 
 
 
   (1) Includes GBP937 million (31 December 2015: GBP923 million) of funds 
under execution only mandates 
 
   ENDS 
 
   12 January 2017 
 
   For further information contact: 
 
 
 
 
Rathbone Brothers Plc                      Camarco 
 Tel: [phone]                         Tel: [phone] 
 email: [e-mail]          email: [e-mail] 
 Philip Howell, Chief Executive             Ed Gascoigne-Pees 
 Paul Stockton, Finance Director 
 Shelly Patel, 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 1,100 staff in 16 locations across the UK and Jersey, 
and currently has its headquarters in Curzon Street, London. 
 
   rathbones.com http://www.rathbones.com 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.rathbones.com/ 
 

(END) Dow Jones Newswires

January 12, 2017 02:00 ET (07:00 GMT)

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