What Rathbones Group Plc does

Rathbones Group Plc is a UK FTSE 250 wealth and investment management firm headquartered in London, with roots dating to 1742. Following the September 2023 combination with Investec Wealth & Investment UK, the group manages £115.6 billion in funds under management and administration (end-2025) across approximately 3,500 colleagues in 22 locations spanning the UK, Channel Islands, and a planned Dublin EU subsidiary.

The firm operates through five core economic streams: discretionary and advisory investment management, financial planning, trust and tax services (delivered via Rathbones Trust Company and Rathbones Legal Services), asset management (Rathbones Asset Management, £16.3bn of the total FUMA), and sustainable investing (Greenbank sub-brand). Supporting capabilities include a specialist Personal Injury and Court of Protection practice managing over £2bn in compensation awards, a Private Office tier for HNW clients with complex requirements, and offshore servicing from Jersey and Guernsey. Technology infrastructure comprises the MyRathbones client portal and financial planning tools; the firm does not disclose a proprietary AI/ML capability, and a prior InvestCloud platform programme was cancelled.

Rathbones generates recurring fee revenue primarily as a percentage of assets under management, with FY2025 operating income of £923.2 million and underlying pre-tax profit of £238.1 million. Distribution is conducted via a direct field-sales model through regional offices, supplemented by IFA partnership channels and a referral arrangement with Investec Bank for private banking services. Customer segments span high-net-worth individuals, families, entrepreneurs, financial advisers, charities, professional partners (lawyers, accountants), trustees, and PI/COP clients. The firm is publicly listed on the London Stock Exchange (LSE:RAT) with a market capitalisation of approximately £2.09–2.10 billion as of April 2026 and is currently executing a £20 million share buyback programme. In June 2026, the firm entered a remediation phase following an FCA-commissioned Skilled Person Review that identified Consumer Duty compliance weaknesses.

Name

Rathbones Group Plc

Legal name

Rathbones Group Plc

Website

https://rathbones.com

Company type

Public

Founded year

1742

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rathbones Group Plc is a UK FTSE 250 wealth and investment manager founded in 1742, managing £115.6bn in funds for high-net-worth individuals, families, charities, financial advisers, and entrepreneurs across 22 UK and Channel Islands offices following its 2023 merger with Investec Wealth & Investment.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industry

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Wealth management services
• Investment management
• Financial planning
• Asset management
• Private banking

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Management Fees: Discretionary investment management fees charged to clients for managing their investment portfolios. Fees are typically based on a percentage of assets under management.
2. Wealth Management Services: Combined investment and financial planning service fees for holistic client wealth management.
3. Financial Planning Fees: Fees for financial planning services including retirement planning, tax planning, and estate planning.
4. Trust and Tax Services: Trust management, company management, and tax advisory services through Rathbones Trust Company Limited and Rathbones Legal Services Limited.
5. Asset Management (Rathbones Asset Management): Fund management fees from retail and institutional investors accessing the firm's investment funds across equities, fixed income, emerging markets and multi-asset solutions.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Rathbones Group Plc provides discretionary investment management, wealth management, and financial planning services to high-net-worth individuals, families, entrepreneurs, charities, and trustees. Its offering combines actively managed investment portfolios with holistic financial planning, supplemented by trust and tax services, sustainable investing through Greenbank, and fund management via Rathbones Asset Management across multiple asset classes. The firm operates through 21 offices in the UK and Channel Islands and manages £113.6bn in funds under management and administration.

Product overview

Rathbones Group Plc operates as a diversified wealth and investment management firm offering a unified platform of services. The core offering consists of Wealth Management (combining Financial Planning and Investment Management), supported by specialist modules including Trust and Tax services, Personal Injury and Court of Protection, and International Investment Management. The firm also runs two sub-brands: Rathbones Asset Management (fund management across equities, fixed income, emerging markets, and multi-asset) and Greenbank Sustainable Investing (ethical/sustainable investment services). Premium clients access the Private Office for bespoke HNWI services. A partnership with Investec provides private banking capabilities. The platform serves individuals, families, entrepreneurs, charities, trustees, and professional partners across 21 UK and Channel Islands locations.

Differentiator

Problem solved

Functional benefit

Brands

• Greenbank: Rathbones' dedicated ethical and sustainable investment management service for individuals, families, trusts and charities with over 20 years of sustainable investing experience.
• Rathbones Asset Management

Products and services

• Wealth Management

Quantifiable outcome

• 6% increase in Funds under Management and Administration to £115.6bn for full year 2025
• +5 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Investec Bank PLCcoreChannel Partner/ Reseller/ Distributor · 21 September 2023Strategic partnership providing private, corporate, and investment banking services to Rathbones clients. Investec Bank provides cyber and IT support services outsourced to Rathbones, with support delivered via their South Africa facility. Following the 2023 merger combining Investec Wealth & Investment UK into Rathbones, creating the UK's largest discretionary wealth manager.
• London YouthminorOthersCharitable partnership through the Rathbones Foundation supporting youth organizations across London. London Youth supports young people through a network of over 600 youth clubs and outdoor learning centres, focusing on confidence, resilience and belonging through sport, arts, employability and social action programmes.
• Votes Against Slavery CoalitioncoreStrategic or Co-development PartnerInvestor coalition led by Rathbones to press companies on UK Modern Slavery Act compliance. Now backed by 168 investors with £2.96tn AUM. The coalition engages with FTSE 350 and AIM companies on Section 54 disclosure requirements, with 31 out of 32 FTSE 350 companies engaged becoming compliant. Coordinated through UNPRI Collaboration Platform.
• CCLA Investment ManagementminorStrategic or Co-development PartnerJoint policy engagement on modern slavery legislation with CCLA, the specialist asset manager for charities and faith organizations. Together they submitted evidence to the Joint Committee on Human Rights on forced labour in UK supply chains, referring to Votes Against Slavery and CCLA's 'Find it, Fix it, Prevent it' initiative.
• Walk Free FoundationminorStrategic or Co-development PartnerPartnership in Votes Against Slavery investor collaboration, using Walk Free's Global Slavery Index and Trafficking in Persons Report for risk assessment. The partnership supports engagement with companies on supply chain human rights issues.
• United Nations Principles for Responsible Investment (UNPRI)coreStrategic or Co-development PartnerRathbones is a signatory to UNPRI, participating in the PRI Advance investor collaboration platform. The partnership coordinates Votes Against Slavery engagement through UNPRI's collaboration infrastructure, enabling coordinated investor action on modern slavery issues.
• Rathbones FoundationminorOthersCharitable foundation of Rathbones that partners with local causes supporting young people across the UK and Channel Islands through funding and support.

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Coutts: NatWest Group's private banking and wealth arm serving HNW and UHNW clients in the UK with discretionary and advisory services. Comparable target market and discretionary capability, but operates within a larger banking group.
• Schroders: Large UK-listed asset and wealth manager with a broader institutional asset management franchise alongside wealth management (Cazenove). Comparable as a UK-listed incumbent in wealth and asset management, but materially larger and more institutional-weighted.
• JPMorgan Private Bank (UK): Global private bank serving UHNW clients with discretionary portfolio management, lending and trust services. Comparable in serving HNW/UHNW clients with discretionary mandates and integrated trust solutions, though serving a higher-end segment globally.
• Abrdn: UK-listed global investment group with significant UK wealth and advised platform operations. Broad incumbent overlapping with Rathbones in UK wealth and asset management, though with a much wider international institutional book.

Direct peers

• Brooks Macdonald: UK wealth manager providing discretionary investment management and financial planning to HNW individuals, families, charities and advisers. Direct peer in discretionary model, charity client base and adviser distribution.
• Quilter: UK-listed wealth manager offering advised and discretionary investment solutions through financial advisers and direct platforms. Comparable in UK HNW client focus, multi-channel distribution and listed-market dynamics.
• Charles Stanley: UK wealth manager providing discretionary and advisory investment management to private clients, charities and advisers. Direct peer in discretionary HNW, charity and adviser-led distribution, though smaller scale.
• Evelyn Partners: UK wealth management and professional services group offering investment management, financial planning and tax/trust services to HNW clients. Overlaps directly with Rathbones' integrated wealth, tax and trust proposition.
• St. James's Place: UK-listed wealth manager serving HNW and mass-affluent clients via a partnership of restricted advisers, with discretionary and advised investment solutions. Closest direct comparable to Rathbones in scale, UK focus and HNW client base.

Regional players

• Canaccord Genuity Wealth Management: Wealth manager operating primarily in the UK and Channel Islands with discretionary and advisory services for HNW individuals. Comparable in Channel Islands presence and HNW discretionary focus, though with a smaller UK footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/RathbonesGroup
• YouTubeyoutube.com/@RathbonesGroupPlc
• Facebookfacebook.com/RathbonesGroupPlc
• LinkedInlinkedin.com/company/rathbones-group-plc
• Instagraminstagram.com/rathbonesplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rathbones Group Plc