Rathbones targets more M&A
Despite firm’s funds under management and administration dropping £8bn in 2022
Despite firm’s funds under management and administration dropping £8bn in 2022
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Which will support advisers in meeting Consumer Duty requirements
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Asset manager’s investments performed well, but investor sentiment remained cautious
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As the eligibility for and finality of the FCA’s proposed redress scheme is called into question
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FUD was up 4% for the quarter but remains below the £54.5bn recorded a year ago
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AUM dropped by 14% in 2022 despite a strong Q4 performance
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NAV total return hit 8% for the year as the firm turned its back on the asset class
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Boutique’s management fees rose to £20.2m in the year to 5 April 2022
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Shares in the firm were suspended in September, with the trust selling out at a 90% loss in November
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£2bn lost to market movements and performance in nine months to the end of 2022
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It still has some way to go to get back to the £17.3bn of funds under management recorded at the end of 2021
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Up to 3,200 job cuts are due to be finalised in the coming weeks
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