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