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

RathbonesAnnouncement

11/01/2018 07:05

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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 £39.1 billion, up
14.3% from £34.2 billion at 31 December 2016. Total net inflows across the
group for the year were £2.1 billion (2016: £1.7 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 £33.8 billion at 31
December 2017, up 11.9% from £30.2 billion at 31 December 2016. Total net
inflows in Investment Management (organic and acquired) for the fourth quarter
were £290 million (Q4 2016: £292 million). The total for the year was £1.2
billion (2016: £1.2 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 £5.3 billion at 31 December
2017, up 32.5% from £4.0 billion at 31 December 2016. Total net fund inflows
totalled £272 million in the fourth quarter of 2017 (Q4 2016: £125 million)
and were £883 million for the full year (2016: £554 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   
                                                      £m        £m          £m       £m    
 (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 £1,163 million (31 December 2016: £937 million) of funds under
execution only mandates.  

ENDS

11 January 2018

For further information contact:

 Rathbone Brothers Plc Tel: 020 7399 0000 email: shelly.patel@rathbones.com   Philip Howell, Chief Executive Paul Stockton, Finance Director Shelly Patel, Head of Investor Relations  Camarco Tel: 020 3757 4984 email: ed.gascoigne-pees@camarco.co.uk    Ed Gascoigne-Pees  
                                                                                                                                                                                                                                                                               

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