Wealth manager and Financial Planner Rathbones says pre-tax profits in 2025 were up an impressive 53.5% to £152.9m.
During the year the group completed its merger with Investec Wealth & Investment (IW&I).
The company says the profit increase was driven by ‘synergy delivery’ and higher average funds under management.
Funds under management and administration (FUMA) hit £115.6 billion as at 31 December 2025 (31 December 2024: £109.2 billion) helped in part by market recovery.
Operating income rose to £923m (2024: £895.9m).
Rathbones said it had delivered cost and revenue synergies well ahead of its original £60m target following the merger.
Rathbones says its vision is to be ‘the best wealth manager in the UK, by far.’
Jonathan Sorrell, group chief executive, said: "It is a privilege to lead Rathbones as we begin a new chapter in our evolution, one defined by clarity and consistency of purpose, and the opportunity to unlock the full potential of the business we have built.
“Following the combination with Investec Wealth & Investment (IW&I), we have continued to build a stronger organisation. Our enhanced scale strengthens our ability to invest in ways that differentiate us: in our investment process, in our client proposition, in our people, and in our technology.
“We are creating a more capable organisation with a clear purpose: to help more people invest their money well, so they can live well. In pursuit of this purpose, our aspiration is to be ‘the best wealth manager in the UK, by far’ and we have aligned our strategy accordingly.”
Financial Planning Today Analysis: Rathbones' impressive profit figures are partly due to the merger with rival Investec Wealth & Investment. Cost savings of over £60m have also helped boost results but, in any event, this is a decent set of results and places Rathbones in a good position for future growth. The wealth management / Financial Planning sector is destined to become increasingly competitive but Rathbones is well placed to prosper and it's ambition to be a much bigger play should be underestimated.