26 Jan 2011 07:00

Charles Stanley Group PLC
25 Luke Street
London
EC2A 4AR
T: 020 7739 8200
F: 020 7739 7798
DX: 123150 BROADGATE-1
www.charlesstanleyplc.co.ukÂ
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INTERIM MANAGEMENT STATEMENT
26 January 2011
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QUARTER ENDED 31 DECEMBER 2010
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Charles Stanley Group PLC is pleased to announce that its revenue for the three months to 31 December 2010, the third quarter of its financial year 2010/11, was 13.7% higher, at ÂŁ32.3 million, than the comparable figure of ÂŁ28.4 million for the three months to 31 December 2009.
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The second six months started strongly and the Group has seen a good performance across all three divisions.
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Total client funds under management and administration rose during the quarter by 5.9% from ÂŁ13.5 billion at 30 September 2010 to ÂŁ14.3 billion at 31 December 2010. Within this figure the funds under discretionary management increased by 9.8% from ÂŁ4.1 billion to ÂŁ4.5 billion. For the same period, the FTSE 100 strengthened by 6.3% from 5549 to 5900 and the FTSE APCIMS Balanced Portfolio Index by 4.7%.
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On 20 January 2011 the Financial Services Compensation Scheme ("FSCS") issued a press release announcing a second interim levy for 2010/11 for the costs of major investment failures. We have now received invoices from the Financial Services Authority setting out the allocation of this interim levy. The FSCS levy for 2010/11 for the Group totals ÂŁ2.6 million of which ÂŁ204,000 had been provided in our interim results for the six months to 30 September 2010.
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Despite this, trading continues at good levels and while it is difficult to see very far ahead we feel a degree of optimism about the final quarter.
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Quarter ended 31 December 2010
 Private Clients £'000 |  Financial Services £'000 | Charles Stanley Securities £'000 |   Other £'000 |   Total £'000 | |
Commission | 14,332 | 52 | 2,274 | - | 16,658 |
Fees | |||||
Investment Management | 7,386 | 117 | - | - | 7,503 |
Administration | 5,608 | 1,759 | - | - | 7,367 |
Corporate Finance | - | - | 782 | - | 782 |
Other | - | - | - | 5 | 5 |
Total | 27,326 | 1,928 | 3,056 | 5 | 32,315 |
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Quarter ended 31 December 2009
 Private Clients £'000 |  Financial Services £'000 | Charles Stanley Securities £'000 |   Other £'000 |   Total £'000 | |
Commission | 13,476 | 17 | 1,688 | - | 15,181 |
Fees | |||||
Investment Management | 5,172 | 100 | - | - | 5,272 |
Administration | 5,378 | 1,841 | - | - | 7,219 |
Corporate Finance | - | - | 745 | - | 745 |
Other | - | - | - | 6 | 6 |
Total | 24,026 | 1,958 | 2,433 | 6 | 28,423 |
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Nine months ended 31 December 2010
 Private Clients £'000 |  Financial Services £'000 | Charles Stanley Securities £'000 |   Other £'000 |   Total £'000 | |
Commission | 40,412 | 176 | 5,637 | - | 46,225 |
Fees | |||||
Investment Management | 20,332 | 331 | - | - | 20,663 |
Administration | 16,512 | 5,932 | - | - | 22,444 |
Corporate Finance | - | - | 2,720 | - | 2,720 |
Other | 54 | 54 | |||
Total | 77,256 | 6,439 | 8,357 | 54 | 92,106 |
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Nine months ended 31 December 2009
 Private Clients £'000 |  Financial Services £'000 | Charles Stanley Securities £'000 |   Other £'000 |   Total £'000 | |
Commission | 39,617 | 43 | 5,769 | - | 45,429 |
Fees | |||||
Investment Management | 16,262 | 203 | - | - | 16,465 |
Administration | 13,850 | 5,985 | - | - | 19,835 |
Corporate Finance | - | - | 2,561 | - | 2,561 |
Other | 81 | 81 | |||
Total | 69,729 | 6,231 | 8,330 | 81 | 84,371 |
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Funds under management and administration | 31 Dec 2010 | 30 Sep 2010 | Â Change |
ÂŁbn | ÂŁbn | % | |
Discretionary funds under management | 4.5 | 4.1 | 9.8% |
Advisory funds under management | 2.6 | 2.5 | 4.0% |
Total funds under management | 7.1 | 6.6 | 7.6% |
Advisory dealing funds | 3.0 | 2.9 | 3.4% |
Execution only funds | 4.2 | 4.0 | 5.0% |
Total administered funds | 7.2 | 6.9 | 4.3% |
Total funds under management and administration | Â 14.3 | Â 13.5 | Â 5.9% |
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For further information please contact
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Charles Stanley Group PLC Canaccord Genuity Ltd
Peter Hurst, Director Simon Bridges
Michael Lilwall, Director Phone: 020 7050 6500
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Magnus Wheatley, Head of Press & Public Relations Oriel Securities Ltd
Phone: 020 7149 6273 Neil Langford
Email: magnus.wheatley@charles-stanley.co.uk Phone: 020 7710 7600
Notes for editors
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Charles Stanley Group PLC has four trading companies, Charles Stanley & Co. Limited, EBS Management Plc, CS Financial Solutions Limited and Garrison Investment Analysis Limited.
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Charles Stanley & Co. Limited provides full-service stockbroking, financial planning and benefit consultancy and small and mid cap advisory and institutional broking.
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EBS Management Plc provides specialist pensions administration services. CS Financial Solutions Limited is a specialist provider of corporate employee benefits services. Garrison Investment Analysis Limited markets unit trusts, open-ended investment company units and packaged financial products to private clients, both directly and in wrappers such as ISAs and pensions.
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All four trading companies are regulated by the Financial Services Authority. The Group has 33 offices around the United Kingdom.
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