The survey, which measures stability and growth in charity fund management, found that charities overall enjoyed an average 10.1 per cent return on their investments in the year to 30 June 2014, buoyed by equities’ outperformance.
Charity Finance highlighted Rathbones’ 18 per cent increase in charity funds under management to £2.9bn in the period, and a 33 per cent increase in charity clients to 1,322. These figures exclude the charity clients and funds that Rathbones acquired as part of its £43.1m acquisition of Jupiter Asset Management’s private client and charity investment management business.
Commenting on the survey, Rathbones’ Director of Charity Business Development James Brennan said: “We have a history grounded in charitable and philanthropic activity, dating back to Rathbones’ activities in the 19th Century, and this report highlights our continued commitment to helping charities’ trustees meet their obligations.”
He added: “The acquisition of Jupiter Asset Management’s private client and charity business in September this year has added extra value to our resources, and saw Rathbones’ charity funds under management reach £3.2bn.”
For further press information, please contact:
Christopher Dean
Head of Communications
Rathbone Investment Management
020 7399 0000
Quill PR
Lora Coventry/Lucy Forgan
020 7466 5059/5103
About Rathbone Investment Management
Rathbone Investment Management is one of the UK’s largest and longest-established providers of high-quality, personalised discretionary investment services. It manages over £26.3 billion* of funds (as at 30 September 2014) for individuals, charities and trustees, and is part of Rathbones Group Plc, an independent company with a listing on the London Stock Exchange. *Includes funds managed by Rathbone Unit Trust Management.
About Charities
Our primary responsibilities are the best interests of your charity and helping you to meet your obligations as a trustee.
While no two charities are the same, we understand that many trustees face similar challenges in meeting demands and achieving the best outcomes for the causes they support. You need to be confident that your charity’s investments are being well-managed, to a bespoke brief, by qualified and experienced investment professionals whose skills and knowledge you trust.
We work with charities across the sector, ranging in size, objectives and investment preferences. Our approach focuses on working alongside charities, providing a service and support to them in their community; from the national to the local. Our service is delivered to you with uncompromising integrity and for this we charge a completely transparent fee.
We currently manage over £3.17 billion of funds for over 1,000 charities (as at 30 September 2014), reflecting the trust and confidence in our investment management services.