Charles Stanley has warned its next round of results will miss market expectations as the business continues to feel the squeeze on its commission income, while in a separate move it said it had sold Henry Dixon's Matterley fund to Miton Group.
What are the key issues surrounding fund costs?
It should be plain sailing for investors in shares this summer. The world economy is growing this year, and should do so again next year at a reasonable pace.
Charles Stanley has said it is approaching the coming months with caution in the face of falling commission income, and significant costs to invest in the business.
The latest sales figures from the IMA show property was the bestselling sector in May, but Charles Stanley Direct's head of investment research Ben Yearsley said many investors are piling in too late and have missed the rally in the asset class.
Miserly performance is on the cards for giant bond funds - but Tesco bonds and index-linked gilts stand out, says Charles Stanley investment manager Kris Barclay.