Wealth manager Charles Stanley has reported a 4.6% jump in client funds under management, with a significant boost coming from discretionary managed funds.
Total FUM now stand at a record £16.36bn, reflecting the 4.6% increase in the last three months of last year.
Discretionary manager funds under management increased by 7.1% to £5.73bn as the wealth manager said transaction volumes have now stabilised since the downturn between September and December of 2011.
Revenue also increased by 13.5% for the period from £27.4m the same period in the previous year to £31.1m, and commission revenue jumped 14.1%.
Income rose 13.1% with fee income representing approximately 61% of the revenue.
The interim management statement said: "We anticipate economic and market conditions will remain uncertain but are confident that our broadly based business mix and financial strength will allow us to continue to produce a creditable performance."
The firm is soon expected to make an announcement regarding its D2C platform after it appointed Douglas McNeil as investment director of the new service.
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