Rathbones Group
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Rathbones Group (RAT) investor relations material

Rathbones Group Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary22 Oct, 2026

Executive summary

  • Strategic progress continued, with Wealth Management generating net inflows for a second consecutive quarter and client portfolios outperforming ARC benchmarks over Q3, YTD, one-year and three-year periods.

  • Growth initiatives included on-demand Financial Planning and regulatory authorisation to serve clients in Ireland and the EU.

Financial highlights

  • Operating income was £243.6m in Q3, up 3.0% YoY; 9M income was £731.1m, up 6.7% YoY.

  • FUMA rose 7.2% YoY to £121.1bn at 30 September 2026, supported by positive market and investment performance; Wealth Management held £112.9bn.

Outlook and guidance

  • Q4 underlying operating margin is expected to meet the 28.7% target, subject to previously stated conditions on FUMA growth, inflation and interest rates.

  • Restrictions on existing EDD clients are expected to begin lifting progressively in Q4; reviews covering ~two thirds of affected FUMA are expected by year-end, with the remainder by early Q2 2027.

  • Salesforce implementation is planned for Q4 2026; a Q4 trading update is scheduled for 14 January 2027.

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Frequently asked questions

Rathbones Group Plc, through its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom and Jersey. The company offers retail client services comprising discretionary investment management; unit trust investment; discretionary client accounts; discretionary personal pensions; and individual savings accounts through partnerships with financial advisers. It also provides wholesale investment solutions comprising fund investments; corporate actions processing; and reconciliation. In addition, the company offers administration services through various channels including telephone banking. Rathbones Group Plc was founded in 1742 and is headquartered in London, the United Kingdom.