Financial Results

Revenues, Assets Gain At UK's Charles Stanley

Tom Burroughes Group Editor London 26 January 2011

Revenues, Assets Gain At UK's Charles Stanley

Charles Stanley, the stockbroking and investment firm, said today that its revenues for the three months to 31 December rose 13.7 per cent year-on-year to £32.3 million (around $51.0 million).

Total client funds under management and administration rose during the quarter by 5.9 per cent from £13.5 billion at 30 September 2010 to £14.3 billion at the end of last year, the firm said in a statement.  Within this figure, funds under discretionary management increased by 9.8 per cent from £4.1 billion to £4.5 billion. For the same period, the FTSE 100 strengthened by 6.3 per cent and the FTSE APCIMS Balanced Portfolio Index by 4.7 per cent. 

“Trading continues at good levels and while it is difficult to see very far ahead we feel a degree of optimism about the final quarter,” the firm said.

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