British wealth management and brokerage firm Charles Stanley has logged revenue of £37.3 million (US$63.5 million) for the first quarter ended 30 June 2014, a marginal increase from £36.9 million a year ago.
The group’s fee income rose 13.4% to £24.6 million from 21.7 million a year earlier.
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However, commission income dipped 16.4% to £12.7 million from £15.2 million in the corresponding quarter of 2013, Charles Stanley said in its interim trading statement.
Total client funds stood at £20.14 billion, a rise of 0.2% from £20.09 billion recorded at 31 March 2014. Within this, discretionary managed funds witnessed a 3.2% gain after rising from £8.2 billion to £8.5 billion on the back of net inflows.
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