Wealth and Asset Management
Charles Stanley profits dip as FSCS bill rises 66% and revenues fall
Charles Stanley profits declined by 27.5% in the six months to September as revenues dragged and the firm was hit with a 66% increase in its Financial Services Compensation Scheme (FSCS) bill. Profits fell from £9.1m to £6.6m after a 9.4% decline in assets under management (AUM) to £22.1bn dragged…
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