A Liverpool-based wealth management giant has broken through the £60bn funds under management barrier after reporting another strong third quarter.
Rathbone Brothers, which operates from the iconic Port of Liverpool building, has increased its total funds under management and administration by 11.3% to £60.9bn in the nine months to the end of September.
A total of £48.8bn is looked after by its Investment Management business while £12.1bn is with its Rathbone Funds arm.
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The company's £150m acquisition of Saunderson House, the UK's biggest professional services financial planning firm, is set to complete during its fourth quarter.
Chief executive Paul Stockton said: "Following a strong third quarter of growth, our total funds under management and administration reached £60.9bn at 30 September 2021.
"Positive net organic inflows in Investment Management and record net inflows into Rathbone Funds reflect our continuing momentum and delivery against the strategic priorities we have set out for growth.
"We continue to transform our digital capability and client experience and welcome the addition of Saunderson House's capability in the fourth quarter.
"With a clear direction and strong balance sheet, we are confident that our current plans place us in a strong position to take advantage of future growth opportunities across the Rathbones Group."
