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Charles Stanley sees 8.5% rise in discretionary assets

Charles Stanley sees 8.5% rise in discretionary assets

Charles Stanley Group has reported a 2 per cent increase in its funds under management and administration to £20.5bn in the nine months to December 31 2014

The trading update from the firm showed its discretionary funds business reported the largest increase of 8.5 per cent to £8.9bn at the end of 2014. Although its advisory managed funds division saw a decline of 3.3 per cent in assets, as a whole the managed funds business saw total assets increase from £11.2bn in March to £11.8bn in December, while its administered funds business saw its total assets fall 2.2 per cent to £8.7bn.

In terms of revenues the group recorded total revenues of £109.2m for the nine months compared with £106.7m for the same period in 2013.

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