Charles Stanley profits take £1.6m FSCS levy hit

Katrina Lloyd
clock •

Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

This compared to £13.4m for the previous year as the escalating eurozone crisis hit the number of shareholder transactions over the period. Revenues for the year were also down 5% to £119.6m, compared to £125.6m the previous year. However, fees were up 8% to £67.4m. Its financial services division reported revenues rose from £9.4m in 2011 to £11.6m in 2012, but its larger private client division suffered a fall from £106m to £100.5m over the period. Funds under management and administration rose 6% to £15.4bn from £14.5bn in 2011. The group's profits were once again hit by a sub...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA annual meeting dominated by whistleblower handling criticism

FCA annual meeting dominated by whistleblower handling criticism

After the death of Simon Andriesz

Alex Sebastian
clock 07 October 2026 • 3 min read
FCA secures money back for victims of £1.5m crypto fraud

FCA secures money back for victims of £1.5m crypto fraud

Obtains confiscation orders against Raymondip Bedi and Patrick Mavanga

Sophia Panayi
clock 28 September 2026 • 1 min read
FOS partially upholds complaint against SJP for failing to provide annual reviews

FOS partially upholds complaint against SJP for failing to provide annual reviews

SJP failed to provide five annual reviews for client

Sophia Panayi
clock 23 September 2026 • 3 min read