Rathbone Brothers PLC (LON:RAT) shares gained after the UK wealth manager reported growth in quarterly assets and net inflows.
Funds under management rose 2.5% to £37.5bn in the third quarter to September 30 from £36.6bn at the end of June.
READ: Smith & Williamson resumes plan to float after merger talks with Rathbone Brothers collapse
Net inflows grew to £619mln from £511mln in the same period a year ago, boosted by a £277mln increase in its investment division and a £324mln record rise in its unit trusts.
"We continue to progress our strategic initiatives and invest in our core infrastructure to support client service and meet the demands of forthcoming regulation,” said chief executive Philip Howell.
“We are well positioned for the future and will continue to pursue growth opportunities both organically and through acquisition, approaching each with discipline."
Underlying net operating income edged up 7% to £70.5mln from a year ago.
In investment management, operating income grew 5.6% to £62.5mln, as fees rose 11.7% but commissions fell 19.6%. Operating income in unit trusts was up 19.4% to £8.0mln.
Shares rose 1.02% to 2,571p in morning trading.