Rathbone Investment Management, a wholly-owned subsidiary of wealth manager Rathbone Brothers, is set to acquire the personal injury and Court of Protection business of Barclays Wealth.
The acquisition, which is subject to regulatory approvals, will add approximately £500m to the firm's funds under management, with around 600 new clients joining the business. A ten-strong team will also join Rathbones' existing specialist team upon completion of the deal, which is expected to take place in the second quarter of 2020. The purchase, which is part of Rathbones' six strategic priorities for the business that include expansion into specialist markets, will be funded from existing capital resources. Rathbones' Cazalis: Why UK financials are our comfort blanket Paul S...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
