Charles Stanley FuMA up 7%

Acquisition expected by end of year

Charles Stanley has reported a 7% rise in funds under management and administration to £27.4bn for the six months to the end of September.

According to its interim results statement, the firm also saw a 12.2% increase in revenue with growth coming from all three divisions, while pre-tax profits were up by 40.9% at £9.3m.  Paul Abberley, CEO of Charles Stanley group, said: "The group has performed well, aided by the improvement in investor confidence following the onset of the coronavirus vaccination programme and global economic recovery. We are continuing with initiatives to enhance our customer proposition, including a streamlined digital offering." Raymond James set to buy Charles Stanley for £278.9m The company ...