LONDON (ShareCast) - Investment and wealth management services Rathbone Brothers saw its total funds under management rose in the first quarter, although the pace of investment returns slowed down.
The FTSE 250 group said total funds under management rose 6.3% year-on-year to £28.9bn, while organic growth in the period fell 0.6% to 3.6%.

"We continue to make good progress on the strategic initiatives we outlined last year, and remain positive in our outlook as we continue to invest and consider future growth opportunities in our sector," said group chairman Mark Nicholls.

Group net income jumped 18.1% year-on-year to £54.7m, while net interest income rose 23.8% to £2.6m.

Rathbone shares were down 0.85% to 2,209.00p at 14:22 at 14:22 on Thursday.

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