Charles Stanley Group PLC (CAY.LN) said Tuesday that its funds under management and administration rose by 2.5% to 24.90 billion pounds ($34.77 billion) in the last three months of 2018.
The investment manager said the increase in the quarter was largely due to market growth, with the FTSE UK Private Investor Balanced Index increasing by 3.6% in the period. Charles Stanley said it saw inflows to its higher-margin discretionary services, both from new clients and though upgrades among existing clients.
Revenue is up 7.4% at GBP111.8 million in the first nine months of the year ending March 31, it said. Excluding the impact of disposals, like-for-like revenue is up 9.1% at GBP111.3 million.