Wealth manager, independent · Liverpool, United Kingdom
Rathbones
Rathbones Investment Management Limited · SEC-registered investment adviser · CRD 124925 · SEC 801-64731
At a glance
Rathbones is an SEC-registered investment adviser based in Liverpool, United Kingdom, with $135.1 billion in regulatory assets under management as of its Form ADV filed July 14, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 115,401 individual clients. By Form ADV it is a wealth manager, ranked 19th of 8,915 wealth managers and 207th of 17,210 SEC-registered advisers by assets.
Main office +441512366666rathbones.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $135B
- Rank among wealth managers
- #19 of 8,915
- Rank among all SEC RIAs
- #207 of 17,210
- Individual clients
- 115,401
- High-net-worth clients
- 20,366
- Accounts
- 219,634
- Discretionary
- 88% of AUM
- Employees
- 1,715
- Advisory staff
- 725
- Offices
- 19
Owners and executives on its Form ADV
- Sarah F. GentlemanNON Executive Director Rathbones Investment Management LTD
- Dharmash P. MistryNON Executive Director Rathbones Investment Management LTD
- Terri L. DuhonNON Executive Director Rathbones Investment Management LTD
- Clive C. BannisterChairman Rathbones Investment Management LTD
- Iain A. CummingsNON Executive Director Rathbones Investment Management LTD
- Iain W. HooleyChief Financial Officer and Executive Director
- Jonathan E. SorrellChief Executive Officer
- Michael TurnerChief Operating Officer
- Annette L. DowdenChief Compliance Officer
Custody and brokerage
3 custodians
- Rathbone Nominees LimitedAffiliate of the firm$47B37%
- Allfunds Bank SAU London Branch$45B35%
- BNY$35B28%
Other RIAs using Rathbone Nominees LimitedOther multi-custodian RIAs
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 20,366 | $57B | 42% |
| Individuals | 95,035 | $29B | 22% |
| Pension and profit sharing plans | 23,772 | $22B | 17% |
| Charitable organizations | 3,803 | $13B | 10% |
| Corporations or other businesses | 2,089 | $7.9B | 6% |
| Other | 5,802 | $5.9B | 4% |
| Banking or thrift institutions | 18 | $183M | <1% |
| State or municipal government entities | – | $5M | <1% |
Disciplinary disclosures
Rathbones answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗rathbones.com ↗
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The full record on Rathbones
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 44 peers of its type and size
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- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Rathbones manage?
Rathbones reports $135.1 billion in regulatory assets under management across 219,634 accounts, 88% of it on a discretionary basis, on its Form ADV filed July 14, 2026.
What kind of firm is Rathbones?
Rathbones is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Rathbones’s clients?
By assets, its largest client types are high-net-worth individuals ($56.9 billion, 20,366 clients); individuals ($29.1 billion, 95,035 clients); pension and profit sharing plans ($22.3 billion, 23,772 clients).
Does Rathbones have any disciplinary history?
Rathbones answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Rathbones’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-14), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →