Rathbone Brothers PLC : Q4 Trading Update and N...

Trading Update
Rathbone Brothers Plc ("Rathbones"), a leading provider of discretionary fund management and wealth management services for private investors, charities and trustees, announces that:

• Total funds under management as at 31 December 2012 were £17.98 billion, up 13.4% from £15.85 billion as at 31 December 2011. 

• Funds managed by Rathbone Investment Management Limited were £16.71 billion as at 31 December 2012, up 13.2% from £14.76 billion as at 31 December 2011. This compares to a 5.9% increase in the FTSE 100 Index and a 5.8% increase in the FTSE APCIMS Balanced Index over the same period. 

• The total annualised rate of net inflows of 6.2% (2011: 7.5%) in Rathbone Investment Management Limited for the year ended 31 December 2012 includes acquired funds under management of £486 million (2011: £305 million). 

• The underlying annualised rate of net organic growth in funds under management in Rathbone Investment Management Limited was 3.0% for the year ended 31 December 2012 (2011: 5.4%). 

• The FTSE 100 Index ended 2012 at 5898 (2011: 5572) making the average index 5734 on quarter end billing dates in 2012 (2011: 5663). 

• Funds managed by Rathbone Unit Trust Management Limited rose to £1.27 billion as at 31 December 2012 from £1.09 billion as at 31 December 2011, an increase of 16.5%. Total net fund inflows totalled £14 million in the fourth quarter of 2012 (2011: £35m) and £66 million for the full year (2011: £97m). 

Outlook
After a challenging 2012, UK equity markets ended the year on a more positive note. Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the Eurozone, battle with difficult economic and financial conditions.

Rathbones continues to grow and consolidate its position as a leading provider of high-quality, personalised discretionary investment management services.

Notice of Results
Rathbones will issue its preliminary statement of annual results for the year ended 31 December 2012 on Wednesday 20 February 2013.

Results are anticipated to be in line with expectations.

ENDS

10 January 2013

For further information contact:

Rathbone Brothers Plc Tel: [phone] email: [e-mail] Mark Nicholls, Chairman Andy Pomfret, Chief Executive Paul Stockton, Finance Director

Quill PR Tel: [phone] Hugo Mortimer-Harvey

Rathbone Brothers Plc

Rathbone Brothers Plc is a leading independent provider of high-quality, personalised investment and wealth management services for private clients, charities and trustees. This includes discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.

Rathbones has over 800 staff in 11 UK locations and Jersey, and has its headquarters at 1 Curzon Street, London.

www.rathbones.com

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Source: Rathbone Brothers PLC via Thomson Reuters ONE

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