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 2017. Growth in funds under management 
was robust, reflecting both favourable investment markets and continued 
growth in the business. 
 
 
   -- Total funds under management at 31 December 2017 were GBP39.1 billion, up 
      14.3% from GBP34.2 billion at 31 December 2016. Total net inflows across 
      the group for the year were GBP2.1 billion (2016: GBP1.7 billion) which 
      represents 6.0% (2016: 6.0%) of opening funds under management. The FTSE 
      100 Index increased 7.6% and the MSCI WMA Private Investor Balanced Index 
      increased 7.2% over the same period. 
 
   -- Funds under management in Investment Management were GBP33.8 billion at 
      31 December 2017, up 11.9% from GBP30.2 billion at 31 December 2016. 
      Total net inflows in Investment Management (organic and acquired) for the 
      fourth quarter were GBP290 million (Q4 2016: GBP292 million). The total 
      for the year was GBP1.2 billion (2016: GBP1.2 billion). The underlying 
      annualised rate of net organic growth in funds under management in 
      Investment Management for the three months ended 31 December 2017 was 
      3.1% (2016: 2.9%) and 3.0% for the year ended 31 December 2017 (2016: 
      2.9%). 
 
   -- Funds managed by Unit Trusts reached a record GBP5.3 billion at 31 
      December 2017, up 32.5% from GBP4.0 billion at 31 December 2016. Total 
      net fund inflows totalled GBP272 million in the fourth quarter of 2017 
      (Q4 2016: GBP125 million) and were GBP883 million for the full year 
      (2016: GBP554 million). 
 
   Notice of Results 
 
   The Company will issue its preliminary statement of annual results for 
the year ended 31 December 2017 on Thursday 22 February 2018. 
 
   Funds under management 
 
 
 
 
                                             3 months ended     Year ended 
                                               31 December      31 December 
                                             2017     2016     2017    2016 
                                             GBPm     GBPm     GBPm    GBPm 
 
  (i) Investment Management 
Opening FUM (1 October / 1 January)          32,535   29,300  30,184  26,126 
Net inflows                                     290      292   1,169   1,184 
 Organic new business                           254      215     902     747 
 Acquired new business                           36       77     267     437 
Market adjustment                               955      592   2,427   2,874 
Closing FUM (31 December) (1)                33,780   30,184  33,780  30,184 
 
Underlying annualised rate of net organic 
 growth                                        3.1%     2.9%    3.0%    2.9% 
Annualised rate of net inflows                 3.6%     4.0%    3.9%    4.5% 
 
(ii) Unit Trusts 
Opening FUM (1 October / 1 January)           4,982    3,862   4,051   3,073 
Net inflows                                     272      125     883     554 
Market adjustment                               113       64     433     424 
Closing FUM (31 December)                     5,367    4,051   5,367   4,051 
 
Total FUM (31 December)(1)                   39,147   34,235  39,147  34,235 
 
Net fund inflows 
Investment Management                           290      292   1,169   1,184 
Unit Trusts                                     272      125     883     554 
Total                                           562      417   2,052   1,738 
 
 
   (1) Includes GBP1,163 million (31 December 2016: GBP937 million) of 
funds under execution only mandates. 
 
   ENDS 
 
   11 January 2018 
 
   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, Head of Investor Relations 
 
 
 
   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. Our 
services include discretionary investment management, unit trusts, 
banking and loan services, financial planning, unitised portfolio 
services, and UK trust, legal, estate and tax advice. 
 
   Rathbones has over 1,100 staff in 16 UK locations and Jersey; its 
headquarters is 8 Finsbury Circus, 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 11, 2018 02:00 ET (07:00 GMT)

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