It made the comments alongside a “robust” trading statement for the end of 2016, with funds under management growing by almost 3% in the last three months of the year.
The strong position of the firm was attributed to a rally in investment markets and positive transaction volumes, Rathbones said, although growth was down 0.1% year-on-year.
Total funds under management increased by more than £5bn from the position in December 2015, ending 2016 at a total of £34.2bn.
Funds under management in investment management made up most of the figures, standing at £30.2bn in total.
In a statement Rathbones said: “Despite the market rally in the last quarter of 2016, political and economic uncertainty could particularly impact investment markets in 2017. We expect to pursue planned growth initiatives in the coming year and continue to prioritise expenditure that enhances our client service and upgrades our infrastructure. We retain an appetite for acquisitions that fit our culture and look forward with cautious optimism.”
Growth in Q4 of 2016 was also down by 0.8% on the same three-month period in 2015 where growth was 3.7%.
However, total funds under management showed a 17.1% increase on 2015, with funds under management in investment management experiencing a similar boost of 15.7%.
