British wealth management firm Rathbones Group Plc (RAT.L) Wednesday said in its trading update for the third quarter ended September 30 that Funds under Management and Administration or FUMA rose 3.7 percent during the period.
During the three-month period, FUMA climbed to 113.0 billion pounds from 108.8 billion in the same period a year ago. Wealth Management segment accounted for 103.2 billion pounds of the FUMA, coming in higher than last year's 99.0 billion pounds.
According to Rathbones Group, total operating income for the quarter increased 7.2 percent to 236.4 million pounds from 220.6 million pounds in the equivalent period a year ago.
The company said that net outflows for the third quarter totalled 0.6 billion pounds, unchanged from the same period last year, including 297.0 million pounds of net outflows in the Wealth Management segment, compared to 408.0 million pounds in the prior-year period.
Rathbones Group said that it will release its trading update for the fourth quarter on January 15, 2026.
On the LSE, RAT.L is trading up 2 percent on Wednesday at 1,916.00 pence.
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