11th Apr 2019 07:00
11 April 2019
Charles Stanley Group PLC
FuMA update and notice of results
Charles Stanley Group PLC ("Charles Stanley" or "the Group") today issues an update on its Funds under Management and Administration ("FuMA") for the fourth quarter and financial year ended 31 March 2019.
Total FuMA at 31 March 2019 were £24.1 billion, representing an increase of 5.7% against £22.8 billion at 31 December 2018 and 1.3% compared to £23.8 billion at 31 March 2018. The increase for the quarter was attributable to inflows from new clients of £0.3 billion (£1.4 billion for the year), gains from investment performance of £1.6 billion (£0.7 billion for the year) and outflows of £0.6 billion (£1.8 billion for the year). The MSCI WMA Private Investor Balanced Index increased 6.9% in the quarter to 31 March 2019 (3.9% for the year).
Discretionary funds were up 6.5% for the year with net inflows of £0.5 billion. Advisory managed and Advisory dealing decreased by £0.3 billion and £0.1 billion respectively, largely as a result of transfers to the other service categories. Execution-only services decreased marginally by £0.1 billion. Traditional voice-brokered execution-only services accounted for the majority of the Group's outflows. By contrast, the assets of Charles Stanley Direct, our online execution-only platform, ended the year at £2.7 billion, representing a 15.3% increase on the prior year.
FuMA highlights
Qtr to | Yr to | |||
31 Mar 19 | 31 Mar 19 | |||
£bn | % | £bn | % | |
FuMA at 31 March 2019 | 24.1 | 24.1 | ||
Overall change in FuMA during the period | 1.3 | 5.7% | 0.3 | 1.3% |
Analysed as follows: | ||||
New clients | 0.3 | 1.3% | 1.4 | 5.9% |
Net outflows from existing clients | (0.4) | (1.8%) | (1.2) | (5.0%) |
Lost clients | (0.2) | (0.9%) | (0.6) | (2.5%) |
Market movement | 1.6 | 7.0% | 0.7 | 2.9% |
Notice of results
The Group will issue its preliminary statement of annual results for the year ended 31 March 2019 on 31 May 2019.
Charles Stanley Group PLC LEI: 213800LBSEGKE5MCYC90
For further information, please contact:
Charles Stanley Siobhan Griffiths Via Newgate Communications | Canaccord Genuity David Tyrrell 020 7523 4677 | Peel Hunt Guy Wiehahn 020 7418 8893 | Newgate Communications Adam Lloyd 020 3757 6884 charlesstanley@newgatecomms.com |
Notes to editors:
Charles Stanley traces its origins back directly 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 400 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 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
Mar 19 | Dec 18 | Mar 18 | |
£bn | £bn | £bn | |
Discretionary funds | 13.1 | 12.2 | 12.3 |
Advisory managed funds | 1.5 | 1.5 | 1.8 |
Total managed funds | 14.6 | 13.7 | 14.1 |
Advisory dealing funds | 1.3 | 1.2 | 1.4 |
Execution-only funds | 8.2 | 7.9 | 8.3 |
Total administered funds | 9.5 | 9.1 | 9.7 |
Total FuMA | 24.1 | 22.8 | 23.8 |
MSCI WMA Private Investor Balanced Index | 1,587 | 1,484 | 1,527 |
The changes from December 2018 and March 2018 are explained in more detail in the tables below:
Changes from December 2018: | Discretionary managed | Advisory managed | Advisory dealing | Execution-only |
£bn | £bn | £bn | £bn | |
Funds at 1 January 2018 | 12.2 | 1.5 | 1.2 | 7.9 |
New clients | 0.2 | - | - | 0.1 |
Transfers | - | (0.1) | - | 0.1 |
Net outflow from existing clients | (0.2) | - | - | (0.2) |
Lost clients | - | - | - | (0.2) |
Net outflow of funds | - | (0.1) | - | (0.2) |
Market movement | 0.9 | 0.1 | 0.1 | 0.5 |
Funds at 31 March 2019 | 13.1 | 1.5 | 1.3 | 8.2 |
Changes from March 2018: | Discretionary managed | Advisory managed | Advisory dealing | Execution-only |
£bn | £bn | £bn | £bn | |
Funds at 1 April 2018 | 12.3 | 1.8 | 1.4 | 8.3 |
New clients | 0.9 | - | 0.1 | 0.4 |
Transfers | 0.1 | (0.3) | (0.1) | 0.3 |
Net outflow from existing clients | (0.4) | (0.1) | (0.2) | (0.5) |
Lost clients | (0.1) | - | - | (0.5) |
Net inflow/(outflow) of funds | 0.5 | (0.4) | (0.2) | (0.3) |
Market movement | 0.3 | 0.1 | 0.1 | 0.2 |
Funds at 31 March 2019 | 13.1 | 1.5 | 1.3 | 8.2 |
Related Shares:
CAY.L