Rathbone Brothers Plc reported the 11% increase in funds managed by the company. The company said that the increase was boosted by equity market gains. Assets increased to GBP19.9 billion or US$30.2 billion as of June 30 comparing to the previous GBP18 billion reported end of December. The first half pretax profit climbed to 17% to GBP23.2 billion from a year earlier. The UK FTSE 100 index rose 5.4% during the first half of the year as US lawmakers compromised on budget and as central banks retained stimulus measures.
"Rathbones' outlook remains positive," said Chief Executive Officer Andy Pomfret in a statement. "Our continued focus on client service and controlled investment in people and systems ensures that Rathbones is well placed to take advantage of healthier investment markets."
Rathbone Brothers Plc is one of the United Kingdom's leading and longest-established providers for wealth management and personalized investment management services for private investors and trustees. Services include unrestricted investment management, tax planning, unit trusts, trusts and company management, banking services and pension advice.
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