Rathbones (LSE:RAT) said funds under management and administration (FUMA) increased by 2.3% over the fourth quarter to £115.6 billion as at 31 December 2025, compared with £113.0 billion at the end of September and £109.2 billion a year earlier.
The Wealth Management division continued to be the primary contributor to growth, with FUMA rising to £106.2 billion from £103.2 billion in the previous quarter and £99.3 billion at the end of 2024.
Asset Management also recorded a modest increase, with FUMA edging up to £16.6 billion from £16.3 billion three months earlier and £15.8 billion a year ago. Rathbones noted that £7.2 billion of Wealth Management assets were invested in its own Asset Management strategies.
Commenting on the update, Jonathan Sorrell, chief executive of Rathbones Group plc, said: “I am grateful to my colleagues for their extraordinary efforts in 2025 in integrating Rathbones and Investment Wealth & Investment UK.” He added: “As that process approaches its conclusion, our opportunity now is to take advantage of our core strengths to grow the business organically over time.”
During the quarter, the group recorded total net outflows of £0.5 billion, compared with net outflows of £0.3 billion in the same period last year.
Rathbones said it will release its preliminary results for the year ended 31 December 2025 on Friday, 27 February 2026, when it expects to provide further detail on full-year performance, fund flows and its outlook.
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