Profits, AuM Rise At Charles Stanley

Tom Burroughes Group Editor London 7 June 2011

Profits, AuM Rise At Charles Stanley

Charles Stanley, the London-listed investment management and stockbroking firm, reported today a 30.1 per cent year-on-year rise in pre-tax profits to £13.4 million (around $21.9 million) in the 12 months to 31 March, achieved on a 9.2 per cent revenue increase to £125.6 million.

Funds under management and administration rose by 13.3 per cent to £14.5 billion. Within this figure the funds under discretionary or advisory management have risen from £6.35 billion to £7.20 billion, an increase of 13.4 per cent. This compares with an increase over the same period of 3.5 per cent in the FTSE 100 Share Index and of 4.3 per cent in the firm’s principal benchmark, the APCIMS Balanced Portfolio Index.

Reported earnings per share rose by 38.7 per cent to 21.42 pence; on an adjusted basis, EPS rose 34 per cent to 28.39p.

On 16 May, Charles Stanley acquired Jobson James Financial Services, a Birmingham-based provider of wealth management services, for a consideration of up to £2.25 million.


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