Wealth Management

Rathbones assets jump to £113bn but outflows persist

UK wealth manager hit by £592m of redemptions as chief executive Jonathan Sorrell takes the reins

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One of London's stalwarts has been boosted by rising markets but still faces challenges Photo: Universal Images Group/Getty Images

Rathbones saw its funds under management jump to £113bn over the third quarter, despite being plagued by more client outflows.

Funds under management at the UK wealth manager were up 3.7% by the end of September compared to £109bn at the end of June.

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