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Rathbones Group PLC on Thursday said the integration of Investec Wealth & Investment was performing well as it announced an increase in funds under management. The London-based investment and wealth management company said funds under management and administration rose 3.6% to £109.16 billion as of December 31, from £105.34 billion a year prior. The company noted that the integration of Investec Wealth & Investment continued to perform well. ‘The client consent process is well-progressed with very encouraging responses, and we continue to anticipate completing the client migration onto a single operating platform during the first half of 2025. We remain confident in the delivery of our synergy targets, including our 2025 target of at least 70% of total synergies being achieved this year on a cumulative run-rate basis,’ Rathbones said. It added: ‘Our combined business offers the strength and resilience to manage through challenging market conditions, providing a personalised service that ensures clients benefit from disciplined, long-term investment strategies and advice tailored to their specific financial goals.’ In September last year, Rathbones Group PLC completed an all-share combination with Investec Wealth & Investment Ltd, which had been a UK division of Investec. Investec Wealth & Investment UK is now reported as part of Rathbones. Investec owns around 41% of Rathbones. Rathbones will release 2024 results on February 26. Rathbones shares fell 2.0% to 1,644.00 pence each on Thursday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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