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Charles Stanley discretionary assets rise as execution-only falls away

Charles Stanley has reported a 6.5 per cent increase in discretionary funds for the year, but has seen a marginal fall in the amount of execution-only funds it manages.

Results released the morning covering the twelve months to the end of march show discretionary funds increased from £12.3bn to £13.1bn, while execution-only funds dipped from £8.3bn to £8.2bn.

Despite online execution-only platform Charles Stanley Direct ending the year 15.3 per cent higher at £2.7bn, this was more than offset by outflows from traditional voice-brokered execution-only services.

For more on the latest trends in outsourced investment and to see what providers offer, see Money Marketing’s new DFM Centre

In the most recent quarter, overall funds under management were up 5.7 per cent to £24.1bn. Charles Stanley attributes this to new client inflows of £300m and investment performance gains of £1.6bn overtaking outflows of £600m.

Results at the end of last year showed Charles Stanley was also taking increased revenue from its in-house financial planning division.

The firm recently hired former Quilter director John Porteous to spearhead its distribution team.

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Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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