Charles Stanley revenues on the rise at £46m
Investment management firm Charles Stanley (CAY) saw revenue, total funds under management and administration grow in the first quarter.
The wealth-management services group said total funds under management and administration increased by almost 6 per cent to £27bn as of June 30, from £25.6bn at March 31.
Total revenue for the quarter was up by 8 per cent to £45.6m, Charles Stanley said.
The company said its three divisions posted revenue increases, with financial planning and the newly-created central financial services divisions growing at double digits.
The group’s shares were up 3.2 percent as markets opened.
“I am pleased to report that the Group continues to display good forward momentum across all areas, with especially strong growth from our Financial Planning and Central Financial Services divisions,” said Paul Abberley, chief executive officer, in an official statement.