Funds under management and advice (FUMA) decreased 11.73 percent at Rathbones Group in 2022.

Total FUMA dropped from £68.2 billion at 31 December 2021 to £60.2 billion a year later, as challenging market conditions were felt.

Despite this, Rathbones reported discretionary and managed net inflows of £1.3 billion in the year, representing a growth rate of 2.6 percent.

This is a fall from the £1.8 billion – or 4.1 percent - growth seen a year earlier.