The acquisition of Barclays Wealth’s Personal Injury and Court of Protection business by Rathbones Investment Management has completed. The transaction has added £450m of assets under management, along with 600 new clients, to Rathbones.
A ten-man specialist team from Barclays Wealth will join Rathbones’ PI and CoP business, which deals with money on behalf of clients who have suffered a serious injury.
Plans for the acquisition were announced in November 2019, and was funded through Rathbones’ existing capital resources.
Chief executive of Rathbone Brothers, Paul Stockton, commented: “I am delighted to welcome the clients and employees of Barclays
“This transaction represents another success for us as we deliver on our growth strategy.”
To understand more about selling your business join a Gunner & Co. workshop