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Rathbones Group Reports 2024 Financial Update Amidst Market Challenges
Company Announcements

Rathbones Group Reports 2024 Financial Update Amidst Market Challenges

Story Highlights
  • Rathbones Group operates in financial services, focusing on wealth and asset management.
  • Rathbones reports increased FUMA to £109.2 billion and progresses in IW&I integration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Rathbones Group PLC ( (GB:RAT) ) has provided an announcement.

Rathbones Group PLC reports a slight increase in Funds Under Management and Administration (FUMA) to £109.2 billion by the end of 2024, despite a challenging market environment and notable outflows. The integration of Investec Wealth & Investment (IW&I) is progressing well, with the company on track to meet its synergy targets and complete client migration by mid-2025, reflecting its commitment to maintaining strong client relationships and growth opportunities.

More about Rathbones Group PLC

Rathbones Group PLC operates in the financial services industry, primarily focusing on wealth and asset management. The company provides personalized investment strategies and advice to its clients, catering to their specific financial goals.

YTD Price Performance: -1.93%

Average Trading Volume: 63,159

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.71B

For a thorough assessment of RAT stock, go to TipRanks’ Stock Analysis page.

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