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(Sharecast News) - Wealth and investment management firm Rathbones on Friday reported a small increase in fourth-quarter funds under management and administration (FUMA).
FUMA increased 2.3% to 115.6bn by 31 December, up from 113.0bn on 30 September and 109.2bn the year before.
FUMA across the wealth management division increased to 106.2bn from 103.2bn three months earlier, while asset management FUMA rose to 16.6bn from 16.3bn.
Meanwhile, net outflows totalled 0.5bn over the quarter, compared with 0.3bn outflows the year before, as a reduction in net outflows in wealth management was offset by higher outflows in asset management.
"I am grateful to my colleagues for their extraordinary efforts in 2025 in integrating Rathbones and Investment Wealth & Investment UK. As that process approaches its conclusion, our opportunity now is to take advantage of our core strengths to grow the business organically over time," said chief executive Jonathan Sorrell.
The update comes ahead of the company's full-year results on 27 February.
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