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Evening Standard
Evening Standard
Business
Anna Wise

Rathbones halts taking on high-risk clients after watchdog-led review

FCA United Kingdom
Wealth manager Rathbones has said it is halting investments from high-risk clients (Yui Mok/PA) - (PA Archive)

Wealth manager Rathbones has said it is halting investments from high-risk clients and stopping taking on new ones following a review prompted by the UK’s financial watchdog.

Shares in the company fell by around 16% after revealing it is having to make changes that will cost an estimated £60 million.

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