Private client investment management and administration fees rose 19 per cent to £33.3 million (2006: £27.9 million) while commission income was up 3 per cent at £48.8 million (2006: £47.2 million) at UK-listed Charles Stanley. Fee income from investment management and administration represented 40 per cent of private client income, compared with 37 per cent in 2005-06 and 28 per cent in 2004-05. Funds under management rose by 9 per cent from £9.7 billion at 31 March 2006 to £10.6 billion. Within this total, discretionary funds rose by 18 per cent from £2.2 billion to £2.6 billion, and advisory investment management funds rose by 11 per cent from £2.7 billion to £3 billion. Fees for investment management rose 25 per cent, from £13 million to £16.3 million. Administration fees rose by 4 per cent from £4.8 billion to £5 billion.