Charles Stanley’s group revenues rose by 14.2 percent to £42.7 million from £37.4 million in 2018 for the three months to 31 December.

This was driven by increased commission income and fee income, up 19.5 percent and 13.5 percent respectively, the firm said in a trading update.

Total funds under management and administration (FuMA) rose by 2.8 percent over the three month period to £25.3 billion from £24.6 billion at the end of 30 September 2019.

The increase in funds largely reflects market improvement of £1 billion, offset by net outflows of £0.3 billion in the quarter. Over the same period, the MSC...