In April 2023, Investec Group announced to the market that it had reached an agreement with Rathbones Group Plc for an all-share combination of Rathbones with Investec Wealth & Investment (UK) and (CI). The transaction completed on 21 September 2023, with Investec Wealth & Investment (UK) and (CI) becoming part of Rathbones Group Plc, creating the UK's leading discretionary wealth manager.
Together, we have one of the largest regional office footprints, at 23 locations in the UK and Channel Islands. We're now focused on bringing the best of two trusted and prestigious UK wealth management businesses together, helped by our closely aligned cultures and operating models.
How will clients benefit?
Greater influence and market strength
The transaction provided stability and continuity for the years to come and enables both firms to keep offering the direct, personal service that we believe is becoming harder to find in the market. Becoming an entity with £100bn in funds under management will also lend weight to our stewardship and responsible investment activities.
An enhanced research team
Access to cutting-edge research is essential to investment managers and financial planners in deciding how to manage our clients’ money and plan for the future. By building and developing our central investment research function, we'll be able to deliver broader and deeper investment insights to these teams.
A better client experience
We will have the capacity to continue investing in better technology for our client-facing and enablement teams, supporting them in their work to achieve great outcomes for clients. We will also be able to invest further in our digital client engagement tools (such as the client app MyRathbones) to support personal service.
Broader range of services
Clients will have more choice, ensuring their needs are met at every stage of their wealth journey. Over time, we will be able to offer an even greater range of services.
Wider geographic coverage
A larger office footprint means the ability to meet face-to-face with clients in more places across all regions in the UK.
Investec Group is now a supportive, long-term shareholder, owning 41.25% of the economic interest in the combined Rathbones Group Plc. This reflects Investec Group’s long-term commitment to the UK wealth management sector and establishes a long-term, strategic partnership between the two businesses, which we're confident will benefit our clients and colleagues alike.
Investec Wealth & Investment (UK) is a trading name of Investec Wealth & Investment Limited which is a subsidiary of Rathbones Group Plc. Investec Wealth & Investment Limited is authorised and regulated by the Financial Conduct Authority and is registered in England. Registered No. 2122340. Registered Office: 30 Gresham Street. London. EC2V 7QN.