Rathbone Unit Trust Management Limited (RUTM) today announced that it is to be renamed Rathbones Asset Management Limited (RAM), effective 30 November 2023.
RAM is an active fund management house offering equity, bond and multi-asset portfolios as well as a range of sustainable funds.
The change in name follows the renaming of Rathbones Group Plc earlier this year.
Rathbones believes the new name better represents its fund management arm and reflects its evolution from the original unit trust offering to the modern business it is today, with a much wider range of funds and structures available to investors.
Tom Carroll, chief executive officer, Rathbones Asset Management, said: “Alongside refreshing the brand of Rathbones Group this year, we took time to reflect on where the funds business sits today. We believe the new name is a better fit for a business which now manages over £12 billion of assets, and which has significantly broadened its range of strategies beyond the unit trusts available originally. Our aim is to offer more strategies across more asset classes in the future where we identify significant client demand, as well as an opportunity to provide something different for investors of all types.
“We remain true to our culture, where small independent teams are empowered to actively invest and deliver for our clients, with accountability for their decisions. RAM combines the flexibility and teamwork of an investment boutique with the advanced infrastructure, governance and oversight afforded by being part of a large, patient parent in the Rathbones Group Plc.
“We remain committed to working as a strong partner to advisers and to providing the most relevant investment strategies for all our investors under our new name.”