Rathbones Investment Management has nabbed an Aim specialist from Brooks Macdonald to expand its tax portfolio service.
Scott Lothian (pictured) worked at Brooks Macdonald from 2010 as a senior investment director and head of its Aim portfolio service. He has also worked as a senior investment manager for Adam & Company.
His role at Brooks Macdonald was taken over by Ewan Millar who joined the company as part of its acquisition of Cornelian Asset Managers.
Rathbones regional director in Edinburgh Simon Dewar said: “Given his extensive experience, he will be a valuable addition to the team in Edinburgh and will further bolster our investment team in Scotland while also helping to expand the depth and reach of Rathbone’s well-respected specialist tax portfolio service.”
Rathbone’s specialist tax portfolio service is designed for individuals and couples seeking relief from income tax, capital gains tax and inheritance tax. It invests primarily in smaller companies listed on Aim.
Rathbones manages over £54.7bn of funds for individuals, charities and trustees. It reported net inflows of £200m in Q1 2021 for its investment management arm with a jump in fee income of 40.4%.
