Asset Management

Rathbones’ £15m bill for Investec merger weighs on profits

Legal and professional fees begin to add up, but Rathbones reports higher assets and revenue ahead of Investec deal

Rathbones CEO Paul Stockton says plans are still on track for a mega wealth management merger
Rathbones CEO Paul Stockton says plans are still on track for a mega wealth management merger

Rathbones has racked up a £14.9m bill ahead of its impending merger with Investec Wealth & Investment, weighing on profits for the year so far.

The wealth manager has reported pre-tax profit of £26m for the six months to 30 June, down from £32.6m for the first half of last year.

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