Charles Stanley has announced it is looking to invest in its network of financial planners and other distribution capabilities.
The statement of intent comes after an ordinary year for the wealth manager, which has seen funds under management decrease by 0.8% in the year to 31 March 2018.
This has included a 4.4% decrease in the latest quarter to 31 March, which the firm blamed on struggling financial markets - pointing out it had net flows of £0.2bn in the latest three-month period.
Charles Stanley has 400 employees spread across 22 UK offices helping deliver its wealth management services. It also operates a direct-to-consumer investment platform, which it said it wants to build scale with.
Since December, Charles Stanley has opened what it has called "super offices" in Southampton and Oxford, which offer financial planning, bespoke investment management and services for professional intermediaries.
CEO Paul Abberley (pictured) said: "As we enter our new financial year, our focus remains on growing our higher-margin assets.
"We also intend to build scale in our execution-only platform and invest in our network of financial planners and distribution capabilities. Concurrently, we continue to work on improving productivity and enhance operational efficiency."
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