It is fair to say many were surprised by the announcement from Investec Wealth & Investment (W&I) and Rathbones yesterday (03/04/2023), that the two firms are merging.
Investec stated the move will create the UK’s “leading discretionary wealth manager”, with the combined business boasting around £100 billion in funds under management and administration (FUMA).
This figure is based on £45 billion from Rathbones, £35 billion from Investec W&I, and the rem...
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