Rathbones is the latest UK wealth and asset manager to report outflows for Q4 2025, although this was offset by a rise in funds under management (FuM).
In its latest quarterly trading update, the London-based firm reported that FuM rose by 2.3% over the year to £115.6 billion.
Growth was more evident in the wealth management business which rose by £6.9 billion to £106.2 billion over the last 12 months.
The asset management business rose by £800 million to £16.6 billion.
Net outflows for the last quarter reached £500 million, an increase on the £300 million outflows for q4 in the previous year.
While wealth management outflows narrowed significantly from £180 million to £64 million, the asset management business saw a large swing from net inflows of £41m in Q4 2024 to £93 million outflows in the latest quarter.
Rathbones is not the only UK manager to suffer outflows. Asset manager Liontrust posted £1 billion in outflows for the latest quarter.
Rathbones also stated that much of its focus for 2025 was on the integration of the Investec Wealth & Investment UK business that was acquired in 2023, creating the largest discretionary wealth manager in the UK.
Now that the integration is close to completion, the focus for Rathbones will be on growth, stated group CEO Jonathan Sorrell. “As that [integration] process approaches its conclusion, our opportunity now is to take advantage of our core strengths to grow the business organically over time,” said Sorrell.
