Rathbones has announced it is beginning a period of intensive investment into its business over the next two to three years.

In a presentation this morning, the firm said this would result in an underlying operating profit margin “closer to the mid-twenties” during this period.

The regime comes under new chief executive Paul Stockton, who took over from Philip Howell earlier this year.

In a statement, the firm said: “Rathbones has built a leading market position based on a powerful brand, high quality people, a strong operating platform and a stable client base who value our relationship led services.