Record year at Rathbone

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Overall profits before tax reached £35.

million, a 23.

% increase on 2004, with total funds under management this month hitting the £10 billion mark.

The group is organised into three operating divisions: investment management and banking, unit trusts, and trust services.

The board is particularly pleased with the unit trust management division, which almost doubled the value of funds under management to £1.

billion.

The value of segregated portfolios under management also increased by 20% to £8.

billion.

The trust division has also made further progress, with the Jersey office performing ‘very well’ and the Geneva office attracting ‘an encouraging flow of new clients’.

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