Rathbones has posted a sharp increase in profits, driven by the integration of Investec Wealth & Investment (IW&I) which exceeded expectations.
For the year to end of December taxable profit rose 53% to £152.9 million from £99.6m in the previous 12 months.
IW&I contributed £76m on an annualised run-rate basis, significantly above Rathbones’ £60m target and supporting growth in underlying profitability.
Group underlying profit before tax increased by 4.6% to £238.1m (2024: £227.6 million).
Funds under management and administration grew to £115.6 billion at 31 December 2025 (31 December 2024: £109.2bn). The company has plans for further operational efficiencies and a potential £20m share buyback extension.
The board has proposed a final dividend of 68p per share, bringing the total for the year to 99p, a 6.5% increase.
Group chief executive Jonathan Sorrell said: “Following the combination with Investec Wealth & Investment (IW&I), we have continued to build a stronger organisation.
“We are competing from a position of real strength in an attractive and growing market. The opportunities ahead of us are significant, and we have the scale, expertise and ambition to capture them.
“With an energised leadership team and talented colleagues across the organisation, I am confident in our ability to deliver excellent outcomes for our clients and as a result for our shareholders.”
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