UK wealth manager Rathbones released its third quarter trading update last week, showing a rise in funds under management. 

UK wealth manager Rathbones' funds under management and administration rose by 3.7 per cent in the third quarter, reaching £113 billion ($152 billion), including £103.2 billion in the wealth management segment, up from £99 billion year-on-year.

They also include £16.3 billion in the asset management segment, up from £15.5 billion year-on-year. The figures include £6.5 billion of wealth management FUMA invested in the asset management segment, up from £5.7 billion year-on-year.

Total net outflows in the quarter reached £0.6 billion, stable year-on-year, comprising net outflows in the wealth management segment of £297 million, from £408 million year-on-year. Net outflows in the asset management segment totalled £229 million, from £36 million year-on-year. The figures include £66 million of wealth management inflows that were invested in the asset management segment from £189 million year-on-year.

Total operating income for the quarter was £236.4 million, up 7.2 per cent from £220.6 million year-on-year. The firm said it had achieved its synergy target of £60 million on an annualised run-rate basis during Q3. Meanwhile, a Q4 trading update will be be published on 15 January 2026.

“I have spent my first months with our people and clients. We have all the ingredients to provide the best offering in the market: great people, trusted client relationships, and the scale to invest in our future,” Jonathan Sorrell, group chief executive office of Rathbones, said. “Though the UK economy remains challenging, with much uncertainty ahead of the budget, our attention is directed at returning to positive net flows. The opportunity ahead is significant and we are committed to capturing it through sustained effort and consistency of purpose."