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Rathbones confirms merger talks with rival wealth manager

The news comes amid speculation about further M&A activity in the asset management sector, which is under regulatory pressure

Rathbones confirms merger talks with rival wealth manager

UK wealth manager Rathbones has announced that it is in exclusive talks with rival Smith & Williamson about a merger of the two firms — news that has been welcomed by analysts.

Those watching the asset management sector have been speculating over the next takeover target after the high-profile mergers of Aberdeen Asset Management and Standard Life, and UK firm Henderson Group and New York-listed Janus Capital this year.

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