LIVERPOOL wealth management firm Rathbone Brothers increased its funds under management in 2012, but reported a slight fall in profits, today.
Total funds under management jumped by 13.4% to £18bn, while pre-tax profits of £38.8m for the year to December 31 compared with £39.2m in 2011.
Final and total dividends for the year rose by 1p, to 30p and 47p per share, respectively.
Chief executive Andy Pomfret said today: “After a challenging 2012 UK equity markets ended the year on a more positive note and this has continued into 2013.
“Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the eurozone, battle with difficult economic and financial conditions.
“Rathbones continues to grow and consolidate its position as a leading provider of high-quality, personalised discretionary investment management services.”
He also announced that Philip Howell will join the group as deputy chief executive on March 4.