Charles Stanley Group PLC Trading update and notice of results (9190C)
21 April 2017 - 4:00PM
UK Regulatory
TIDMCAY
RNS Number : 9190C
Charles Stanley Group PLC
21 April 2017
21 April 2017
Charles Stanley Group PLC
Trading update for the three months ended 31 March 2017 and
notice of results
Charles Stanley Group PLC ("Charles Stanley" or "the Group")
today issues a trading update for the fourth quarter and financial
year ended 31 March 2017. The Group is maintaining positive
momentum across all divisions and trading is in line with
management expectations.
Total Funds under Management and Administration ("FuMA") at 31
March 2017 were GBP24.0 billion representing an increase of 5.7%
against GBP22.7 billion at 31 December 2016 and 17.1% compared to
GBP20.5 billion at 31 March 2016.
Compared to 31 March 2016, discretionary and execution-only
funds increased by 21.3% and 23.5% respectively. Advisory dealing
funds saw modest growth of 5.9%, whilst advisory managed funds fell
7.7%. Over the same period the WMA Balanced Portfolio Index
increased by 15.9%.
Within the final quarter, discretionary, advisory dealing and
execution-only funds rose by 5.6%, 5.9% and 9.1% respectively.
Advisory managed funds fell 4.0% largely as a result of clients
upgrading to the discretionary product.
Outlook
Trading conditions remain favourable but we are mindful of the
impact that global political and economic uncertainty may have on
markets, both at home and abroad. We remain on track to deliver our
strategy to improve the Group's operating performance and
strengthen its balance sheet which will leave us better placed in
the event of a change in trading conditions. In the short-term we
are focused on the need to continue to improve both net inflows of
funds under management and productivity.
Notice of results
The Group will issue its preliminary statement of annual results
for the year ended 31 March 2017 on 14 June 2017.
For further information, please contact:
Charles Stanley Canaccord Peel Redleaf Communications
Joanne Vowles Genuity Hunt Rebecca Sanders-Hewett
Public Relations Andrew Buchanan Guy Wiehahn Charlie Geller
Manager 020 7523 020 7418 020 7382 4730
Via Redleaf 4661 8893 CScapitalmarkets@redleafpr.com
Notes to editors:
Charles Stanley traces its origins to 1792 and is one of the
oldest firms on the London Stock Exchange. Charles Stanley today
provides holistic wealth management services to private clients,
charities and smaller institutions. These are delivered by over 450
professionals located in 25 offices throughout the UK, both direct
to clients and to intermediaries. Our services include investment
portfolio management and financial planning, supported by in-house
administration and custody for investment portfolios, SIPPs and
ISAs to enhance the quality of service provided. In addition,
Charles Stanley Direct provides an award winning direct to customer
Execution-only dealing platform for equities and funds.
FUNDS UNDER MANAGEMENT AND ADMINISTRATION
Change Change
Mar 17 Dec since Mar since
16 16
GBPbn GBPbn Dec 16 GBPbn Mar 16
Discretionary
funds 11.4 10.8 5.6% 9.4 21.3%
Advisory managed
funds 2.4 2.5 (4.0%) 2.6 (7.7%)
-------------------- ------- ------ ------- ------ -------
Total managed
funds 13.8 13.3 3.8% 12.0 15.0%
-------------------- ------- ------ ------- ------ -------
Advisory dealing
funds 1.8 1.7 5.9% 1.7 5.9%
Execution-only
funds 8.4 7.7 9.1% 6.8 23.5%
-------------------- ------- ------ ------- ------ -------
Total administered
funds 10.2 9.4 8.5% 8.5 20.0%
-------------------- ------- ------ ------- ------ -------
Total FuMA 24.0 22.7 5.7% 20.5 17.1%
WMA balanced
portfolio index 4,122 4,010 2.8% 3,556 15.9%
The changes from December 2016 and March 2016 are explained in
more detail in the tables below:
Changes from December Discretionary Advisory Total
2016: managed managed managed Change
GBPbn GBPbn GBPbn %
Funds at 1 January
2017 10.8 2.5 13.3
New clients - - -
Transfers 0.1 (0.1) -
Net inflow/(outflow)
from existing clients 0.3 (0.1) 0.2
Lost clients (0.1) - (0.1)
Net inflow/(outflow)
of funds 0.3 (0.2) 0.1 0.8%
Market movement 0.3 0.1 0.4 3.0%
Funds at 31 March
2017 11.4 2.4 13.8 3.8%
Changes from March Discretionary Advisory Total
2016: managed managed managed Change
GBPbn GBPbn GBPbn %
Funds at 1 April 2016 9.4 2.6 12.0
New clients 0.8 0.1 0.9
Transfers 0.3 (0.3) -
Net inflow/(outflow)
from existing clients (0.2) (0.1) (0.3)
Lost clients (0.4) (0.2) (0.6)
Net inflow/(outflow)
of funds 0.5 (0.5) - -
Market movement 1.5 0.3 1.8 15.0%
Funds at 31 March
2017 11.4 2.4 13.8 15.0%
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTQBLFLDZFEBBX
(END) Dow Jones Newswires
April 21, 2017 02:00 ET (06:00 GMT)
Charles Stanley (LSE:CAY)
Historical Stock Chart
From May 2024 to Jun 2024
Charles Stanley (LSE:CAY)
Historical Stock Chart
From Jun 2023 to Jun 2024