Charles Stanley reveals jump in Q3 revenues

Wealth manager Charles Stanley today reported an 18 per cent surge in third-quarter revenues as its total client funds hit a record £20.1 billion.

The firm said its performance in the final three months of 2013 was “pleasing”, with revenues growing to £36.7 million, while its managed funds also reaching a record, up 13.6 per cent at £11.1bn.

Charles Stanley last month completed its acquisition of Evercore Pan Asset, an index-tracking specialist co-founded by Conservative MP John Redwood that had assets under management of £580m.