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Legal and professional fees begin to add up, but Rathbones reports higher assets and revenue ahead of Investec deal

Online Editor

Rathbones has racked up a £14.9m bill ahead of its impending merger with Investec Wealth & Investment, weighing on profits for the year so far.

The wealth manager has reported pre-tax profit of £26m for the six months to 30 June, down from £32.6m for the first half of last year.

Rathbones’ £15m bill for Investec merger weighs on profits

Justin Cash

Rathbones

Investec

Bank of America

Peel Hunt

Banking

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