Reports

Private Client Income Rises at Charles Stanley

Tom Burroughes Editor London 18 November 2008

Private Client Income Rises at Charles Stanley

Charles Stanley, the London-listed private client stockbroker and investment management group, said revenues dropped by 7 per cent to £49 million in the six months ended 30 September from the same period a year ago.

Private client revenue fell by less than 1 per cent to £43.8 million, from £44.1 million. Private client fee income rose by 10 per cent to £21.2 million.

Total funds under management and administration down 8 per cent to £10.1 billion, the firm said in a statement.

Interim dividend was maintained at 2.10p.

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