Philip Howell, chief executive of wealth adviser Rathbones, has signalled his interest in new acquisitions following his purchase of UK private client businesses from Jupiter Asset Management and Deutsche Asset & Wealth Management.

Rathbones expects to stump up £43.1 million for the Jupiter business, which manages £2.1 billion, although it could pay as little as £32 million or as much as £54 million, depending on how much business comes across, according to today's statements.