Charles Stanley’s total funds under management and administration (FUMA) increased by 5.9 percent over the three months to 30 June, to £27.1 billion (31 March 2021: £25.6 billion).

This rise compares favourably to a 4.3 percent increase in the MSCI PIMFA Private Investor Balanced Index over the same period.

Total revenue for the quarter rose by 8.1 percent to £45.6 million (Q1 2021: £42.2 million). Fee income increased significantly to £35.5 million (Q1 2021: £30.4 million), a rise of 16.8 percent but was offset by a 5.8 percent reduction in commission income to £9.7 million (Q1 2021: £10.3 million) and a 73.3...