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Revenue, Assets Steady at Charles Stanley

Stephen Harris

30 July 2008

London-listed private client stockbroker, Charles Stanley has announced that revenue for the three months to 30 June 2008 was marginally lower at £25.4 million than the corresponding figure of £25.9 million for the three months to 30 June 2007.

Total client funds under investment management and/or administration have decreased by 0.9 per cent from £11.0 billion at 31 March 2008 to £10.9 billion at 30 June 2008.

Within this figure the discretionary and advisory managed funds fell by 3.3 per cent from £6.0 billion to £5.8 billion. The company notes that for the same period the FTSE 100 has fallen by 1.3 per cent and the APCIMS Balanced Portfolio Index has fallen by 2.7 per cent.

During the period, the company purchased Truro Stockbrokers and the UK private client business of Insinger de Beaufort.