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Rathbones Group (RAT) investor relations material
Rathbones Group H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Funds under management and administration (FUMA) rose 2.3% to £115.6 billion as of 31 December 2025, up from £113.0 billion at 30 September 2025 and £109.2 billion at 31 December 2024.
Integration of Rathbones and Investment Wealth & Investment UK nears completion, positioning for future organic growth.
Financial highlights
Wealth Management segment FUMA reached £106.2 billion, up from £103.2 billion at 30 September 2025 and £99.3 billion at 31 December 2024.
Asset Management segment FUMA increased to £16.6 billion, compared to £16.3 billion at 30 September 2025 and £15.8 billion at 31 December 2024.
Total net outflows for Q4 2025 were £0.5 billion, compared to net outflows of £0.3 billion in Q4 2024.
Segment performance
Wealth Management segment saw net outflows of £64.0 million in Q4 2025, an improvement from £180.0 million net outflows in Q4 2024.
Asset Management segment experienced net outflows of £93.0 million in Q4 2025, compared to net inflows of £41.0 million in Q4 2024.
£307.0 million of Wealth Management inflows were invested in the Asset Management segment in Q4 2025.
Annualised net growth for total group FUMA was 1.9% for the year ended 31 December 2025.
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