{
  "crd_number": 124925,
  "slug": "rathbones-liverpool-124925",
  "primary_business_name": "RATHBONES",
  "legal_name": "RATHBONES INVESTMENT MANAGEMENT LIMITED",
  "dbas": [],
  "city": "Liverpool",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-11-16",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-07-14",
  "carried_forward": false,
  "raum_total": 135087393955.0,
  "raum_discretionary": 118860995003.0,
  "raum_non_discretionary": 16226398952.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 1715,
  "advisory_employees": 725,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 5853388437.0,
      "count": 5802,
      "description": "OFFSHORE BOND"
    },
    "charitable": {
      "raum": 12855281116.0,
      "count": 3803
    },
    "individuals": {
      "raum": 29114642207.0,
      "count": 95035
    },
    "banking_thrift": {
      "raum": 183032094.0,
      "count": 18
    },
    "state_municipal": {
      "raum": 5387166.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 22317534050.0,
      "count": 23772
    },
    "high_net_worth_individuals": {
      "raum": 56861038061.0,
      "count": 20366
    },
    "corporations_other_businesses": {
      "raum": 7897090824.0,
      "count": 2089
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "FL",
    "GA",
    "IL",
    "LA",
    "MA",
    "MD",
    "NC",
    "NJ",
    "NY",
    "OR",
    "PA",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://facebook.com/RATHBONESGROUPPLC",
    "https://greenbankinvestments.com",
    "https://instagram.com/RATHBONESPLC",
    "https://linkedin.com/COMPANY/GREENBANK-INVESTMENTS",
    "https://linkedin.com/COMPANY/RATHBONES-GROUP-PLC",
    "https://rathbones.com",
    "https://x.com/GREENBANKINVEST",
    "https://x.com/RATHBONESGROUP"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124925",
  "disclosure_items": [
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    }
  ],
  "city_as_filed": "LIVERPOOL",
  "url": "https://advisorcensus.com/firm/rathbones-liverpool-124925",
  "display_name": "Rathbones",
  "summary": "Rathbones is an SEC-registered investment advisory firm in Liverpool, United Kingdom, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.",
  "citation": "AdvisorCensus. Rathbones (CRD 124925): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Rathbones compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Rathbones reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "How much does Rathbones charge?",
      "a": "Its Form ADV Part 2A brochure dated July 14, 2026 states: Up to $1,000,000: 1.35% a year; Above $1,000,000: 0.85% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Rathbones located?",
      "a": "Rathbones' principal office is in Liverpool, United Kingdom, according to its Form ADV; the August 2026 filing also lists 18 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Rathbones registered with the SEC or a state?",
      "a": "Rathbones is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 124925."
    },
    {
      "q": "How much does Rathbones manage?",
      "a": "Rathbones reports $135,087,393,955 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (88% discretionary)."
    },
    {
      "q": "How have Rathbones' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Rathbones: Regulatory assets under management: $61,216,920,713 in the October 2021 data and $135,087,393,955 in the October 2026 data, up 121%. Total employees: 744 in October 2021 and 1,715 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Rathbones serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (95,035); pension and profit sharing plans (but not the plan participants or government pension plans) (23,772); high net worth individuals (20,366)."
    },
    {
      "q": "Which custodians does Rathbones use?",
      "a": "Rathbones' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Allfunds Bank SAU London Branch, Bank of New York Mellon and Rathbone Nominees Limited (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Rathbones report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124925"
    },
    {
      "q": "What changed in Rathbones' recent Form ADV filings?",
      "a": "In the August 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.D(5))."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 61216920713.0,
      "total_employees": 744,
      "filing_date": "2021-05-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 68170813628.0,
      "total_employees": 1000,
      "filing_date": "2022-09-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 54476297348.0,
      "total_employees": 1120,
      "filing_date": "2023-09-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 63617140671.0,
      "total_employees": 1293,
      "filing_date": "2024-07-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 67005197231.0,
      "total_employees": 1321,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 135087393955.0,
      "total_employees": 1715,
      "filing_date": "2026-07-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.D(5))."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 512 to 725.",
        "Regulatory assets under management went from $67,005,197,231 to $135,087,393,955 (+102%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Registered or notice-filed in IL, LA.",
        "No longer registered or notice-filed in MI, MN.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 14, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "1.35%"
      },
      {
        "band": "Above $1,000,000",
        "rate": "0.85%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $1,000,000: 1.35% a year",
          "Above $1,000,000: 0.85% a year"
        ],
        "quotes": [
          "The fee scales based on the value of each Fund are: Fixed charge (applicable for Funds valued above £15,000) £100 First £1,000,000 or US$ currency equivalent 1.35% Balance over £1,000,000 or US$ currency equivalent 0.85%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 1000000.0,
          "rate_pct": 1.35
        },
        {
          "min": 1000000.0,
          "max": null,
          "rate_pct": 0.85
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The fee scales based on the value of each Fund are: Fixed charge (applicable for Funds valued above £15,000) £100 First £1,000,000 or US$ currency equivalent 1.35% Balance over £1,000,000 or US$ currency equivalent 0.85%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Allfunds Bank SAU London Branch",
      "name_as_filed": "ALLFUNDS BANK SAU LONDON BRANCH",
      "affiliated": false
    },
    {
      "name": "Bank of New York Mellon",
      "name_as_filed": "BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "Rathbone Nominees Limited",
      "name_as_filed": "RATHBONE NOMINEES LIMITED",
      "affiliated": true
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/rathbones-liverpool-124925.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 95035,
      "fewer_than_5": false,
      "raum": 29114642207.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 20366,
      "fewer_than_5": false,
      "raum": 56861038061.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 18,
      "fewer_than_5": false,
      "raum": 183032094.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 23772,
      "fewer_than_5": false,
      "raum": 22317534050.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3803,
      "fewer_than_5": false,
      "raum": 12855281116.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 5387166.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2089,
      "fewer_than_5": false,
      "raum": 7897090824.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 5802,
      "fewer_than_5": false,
      "raum": 5853388437.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124925",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}