Rathbone Brothers Plc : Trading Statement <Origin Href="QuoteRef">RAT.L</Origin>

RathbonesAnnouncement

07/01/2016 07:10

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             Year ended         
                                                      31 December                 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: 020 7399 0000 email: shelly.chadda@rathbones.com   Philip Howell, Chief Executive Paul Stockton, Finance Director    Camarco Tel: 020 3757 4984 email: ed.gascoigne-pees@camarco.co.uk   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 
 

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the content, accuracy and originality of the information contained therein. 
 Source: Rathbone Brothers Plc via Globenewswire 
 HUG#1977125