RATHBONE INVESTMENT MANAGEMENT

Summary

Rathbone Plc is a UK headquartered provider of personalised investment management and wealth management services for private investors and trustees.

This includes discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services.

They are an independent FTSE 250 company that has been in business since 1742.

Rathbone Investment Management is regulated by the Jersey Financial Services Commission.

> Good online facilities and administration

> Can be an expensive way to invest.

> Pays retrocession commission to your adviser.

> Potential for conflict of interest.

The DFM Service

Rathbones Investment Management says that you deal directly with investment managers, not salespeople or relationship managers.

 

Rathbone's investment analysts, compliance and back-office teams support advisers so they can take advantage of opportunities as they arise. They offer a choice of investments, spanning all asset classes, funds and wider structures that may not be open to all investors.

 

Rathbone Investment Management prides themselves on efficient, informative and accurate reporting. Valuations are sent quarterly – and their online service gives you access to information 24 hours a day.

 

Rathbone primarily has 3 offerings under their investment management services:

  1. Multi-asset portfolios

  2. Unitised portfolio service

  3. Individual portfolio service

 

1. Multi-asset portfolios: 

 

Rathbone Investment Management's multi-asset portfolios provide clients with access to investment resources. There are three UCITS IV funds in the range, which are available in GBP, EUR and USD (EUR and USD share classes are hedged).

 

They have a choice of three funds to suit investors with different objectives and appetites for risk.

2. Unitised portfolio service:

 

Rathbone Investment Management claims that the unitised portfolio service can offer clients a detailed and personal level of attention that you would typically receive from a discretionary portfolio. There are six strategies in the range, which invest in the multi-asset portfolios.

 

3. Individual portfolio service: 

 

The individual portfolio service offers a personal level of attention as well as access to their investment resources for clients with larger sums to invest. This service is targeted at individuals and families with financial arrangements that require a tailored approach to their investment.

 

Rathbone Investment Management's charging structure for advisers:

 

The rates they offer advisers depends on the level of business they do together. The rates can be summarised below:

Partnership Rate:

 

0.75% on balance over GBP 5,000,000

Applicable for firms with more than £5m of client funds already managed by them in their unitised portfolio service and/or individual portfolio service, management fees will be reduced to a flat rate of 0.75%.

For firms qualifying for their partnership rate, the use of external discretionary managers usually forms a normal part of their client investment proposition.

Standard Rate: 

Individual portfolio service: 1.00% on first £2,000,000, 0.75% balance over £2,000,000

Unitised portfolio service: 0.75%

These rates can change from time to time and we would recommend checking Rathbone Investment Management's website for more information.

Final Verdict

While Rathbone is a respected name and they provide a range of international actively managed DFM solutions, we believe that there are better and more cost-effective alternatives.

Himalaya

Get in touch

Whether you need a second opinion, want to find a qualified adviser, or just have some questions, Expat Money is here to help.

We'll call or email, learn about you and take you through your options.