Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Why Rathbones changed its investment managers’ pay structure

Why Rathbones changed its investment managers’ pay structure

Rathbones has changed the structure of its investment managers’ remuneration packages to more closely align pay to performance.

The move follows a review of its investment managers’ remuneration last year and will provide additional incentives, based around generating organic growth from their existing client books and new business.

CEO Philip Howell (pictured) told Wealth Manager: ‘There are a number of ways in which you can calculate profitability. The remuneration structure needed a refresh and the change was to reflect a more direct link between business brought in and the value of the revenue, and it is important that any non-compliant behaviour is reflected in the remuneration structure.’

Rathbones, which announced its full-year results last week, also revealed it is to undertake a review of its internal culture. Howell (pictured) insisted this reflects the fact the company is ‘self-critical’ and ‘always looking to improve’.

The firm also revealed that its Newcastle office, opened in February 2013, has reached £361 million in assets and Glasgow, launched in May 2015, has built up £296 million.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Citywire 20: Investec's du Toit on managing the 'jerk factor'

Citywire 20: Investec's du Toit on managing the 'jerk factor'

Investec boss Hendrik du Toit believes he has become far more decisive over the last 20 years, especially when it comes to managing 'jerk' factor.

Play Citywire 20: Hugh Young's bleak lesson

Citywire 20: Hugh Young's bleak lesson

In the latest video to mark Citywire's 20th birthday, Aberdeen Standard Investments Asia head reminisces about one of the toughest periods in his career.

Play IWD 2019 video: fund and wealth figures define diversity

IWD 2019 video: fund and wealth figures define diversity

To mark International Women's Day, we have spoken to a variety of top fund houses and wealth managers about their definition of diversity, and how they hope to achieve a more inclusive workplace.

Read More
Wealth Manager on Twitter