The business was founded by William Rathbone II by 1742 as a Liverpool-based timber trading business.[3] In the 19th century it became a leading trader in cotton from the United States and in 1841 it became the Liverpool agent for the East India Company.[3] In 1912 it abandoned its trading operations and focused on financial management,[3] initially for the Rathbone family, but subsequently for the general public. In 1988 it merged with Comprehensive Financial Services Ltd to form Rathbone Brothers plc[3] and thereby secured a listing on the London Stock Exchange.[4] It changed its name from Rathbone Brothers to Rathbones Group on 1 December 2021.[5]
In April 2023, Rathbones agreed to buy Investec's wealth and investment businesses in the UK and Channel Islands for £839 million. The deal excludes Investec Bank (Switzerland) and Investec International wealth business.[6]
Operations
The company provides investment management, financial planning, tax and trust services.[7] It has 14 offices located all over the UK and Jersey.[8]
The current CEO is Paul Stockton, who was appointed to the position in May 2019.[9][10] He had previously worked at the company from 2008, as group financial and managing director.[10]
Responsible business
Previous logo
The Rathbones Group Foundation is the charitable arm of the group, supporting charities that pay particular attention to at risk and vulnerable youths.[11]
£435.2 million (2022)[1]
£64.1 million (2022)[1]