Wealth manager numbers paint rosyish picture
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
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Charles Stanley Groups directors said they are disappointed with the companys performance during the last quarter in an interim management statement.
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According to John Redwood, while there is plenty to worry about, there is as yet no one dominant fear to bring the markets crashing down.
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As price cuts across the financial sector bring fees ever closer to zero, so the focus shifts slowly to other ways of maintaining customer loyalty.
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Charles Stanleys profits for the year are down 33% to £6.1m, due in part to sinking money into expansion, the company has said.
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Formerly the acting CEO at Aviva Investors, Paul Abberley takes on the new role of chief investment officer at Charles Stanley.
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As equities move higher, gold continues its decline while copper finds support.
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Brewin Dolphin has issued a High Court claim against Charles Stanley, accusing it of poaching 18 staff to set up a new branch in the Midlands.
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How capable is Rolls Royce to weather bribery allegations and slashed defence spending?
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Charles Stanley Direct has agreed a six-month fee waiver for all new clients with a minimum balance of £500,000.
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Investors have expressed disappointment over Lloyds announcement that it is unlikely to reinstate its dividend policy before the second half of the year.
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