Charles Stanley has said it is approaching the coming months with caution after witnessing falling commission income, and significant costs to invest in the business.
Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.
Charles Stanley is to offer its model portfolio range via Standard Life's Wrap platform.
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Charles Stanley's pre-tax profits are likely to fall 10% short of market expectations due to rising costs, the wealth manager has warned.
The UK has seen a sharp drop in new fund launches at the start of 2014, with administration backlogs, pricing overhauls and Neil Woodford's forthcoming new venture to blame.
Charles Stanley has appointed Simon Davis as a director of wealth management in the company's financial services division.
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Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.