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Charles Stanley Reaches New High

Natasha Taghavi Reporter London 12 April 2013

Charles Stanley Reaches New High

UK-listed Charles Stanley has seen total funds under management and administration - at 31 March 2013 - reach a new high of £17.7 billion, up by 15.3 per cent, from £15.4 billion at the same time last year.

Within that figure, discretionary funds under management increased by 27.2 per cent to £6.4 billion, up from £5.0 billion at 31 March 2012. Net organic growth in discretionary funds was 8.3 per cent, while discretionary funds from new investment managers taken on during the year totalled £450 million. Net organic growth of total funds under management and administration was 2.4 per cent (2012: 4.1 per cent), the firm said.

Meanwhile, during the year, the APCIMS balanced index rose from 3,001.55 to 3,300.40 which was a rise of 9.9 per cent.

The firm points to a strong performance from equity markets and a “slightly more benign” trading environment as the driving force behind the positive results.

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