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January 30, 2015updated 04 Apr 2017 1:47pm

Charles Stanley’s total client funds up 2%

British wealth management and brokerage firm Charles Stanley has reported that its total client funds for the three months ended 31 December 2014 stood at £20.5bn, up 2% from £20.1bn a year ago.

By Verdict Staff

British wealth management and brokerage firm Charles Stanley has reported that its total client funds for the three months ended 31 December 2014 stood at £20.5bn, up 2% from £20.1bn a year ago.

Within this, discretionary managed funds witnessed an 11.3% gain after rising from £8bn to £8.9bn, while total managed funds were up from £11bn to £11.8bn.

The firm has logged revenue of £36.3m for the quarter, a decrease from £36.7m a year ago.

The group’s fee income rose 6.3% to £24.3m from £22.9m a year earlier.

However, commission income dipped 13.4% to £11.9m from £13.8m in the corresponding quarter of 2013, Charles Stanley said in its interim trading statement.

Over the same period, the FTSE 100 decreased by 0.5% and the WMA Balanced Portfolio Index rose by 4.5%.

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