British investment manager Charles Stanley’s funds under management and administration rose to £17.7 billion for the year ended 31 March 2013, up 14.9% from £15.4 billion a year earlier.

The group’s pre-tax profits showed a 7% rise to £9.1 million, while adjusted profit before tax of £13.5 million was 8% better.

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Revenue increased by 6.7% to £127.6 million from £119.6 million pounds in the year ago period.

The group proposed a 4.4% increase in its total dividend to 11.75p a share.

Charles Stanley chairman, David Howard, said: "While economic conditions remain challenging there are hints of recovery, and I therefore look to the year ahead with a touch more optimism than a year ago."

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