Charles Stanley’s total funds under management and administration (FUMA) saw a slight 1.1% increase in the three months to the end of September.
The wealth manager said FUMA during the second quarter rose to £27.4bn, up from £27.1bn at the end of the first quarter and £25.6bn at the end of the 2021 fiscal year. The firm's revenue rose 15.3% year-on-year to £46.0m, fuelled by higher fee and commission income that offset the drop in interest turnover. Charles Stanley CEO, Paul Abberley, said: "The group continues to display good momentum across all areas, with growth in revenues from all our divisions." Brooks Macdonald FUM boosted by discretionary offering