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Charles Stanley Says Funds Under Management, Administration Rose in 1Q

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By Adria Calatayud

Charles Stanley Group PLC said Monday that total funds under management and administration and revenue rose during the first quarter of fiscal 2022.

The London-listed wealth-management services group said total funds under management and administration increased to 27.1 billion pounds ($37.68 billion) as of June 30 from GBP25.6 billion at March 31.

Total revenue for the quarter was up by 8.1% to GBP45.6 million, Charles Stanley said. The company said its three divisions posted revenue increases, with financial planning and the newly-created central financial services divisions growing at double digits.

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