Charles Stanley Group reports that its client funds under management and administration stood at £15.6 billion (around $24.9 billion) at 30 September 2012. This represents an increase of 1.3 per cent over the six months since 31 March 2012 and an increase of 13.9 per cent on the year to 30 September.

The firm’s funds under discretionary management rose by 22.7 per cent in 12 months, standing at £5.4 billion on 30 September.

“We have continued to grow our fee-based income in both absolute terms and as a proportion of overall group revenues. This strategy of reducing reliance on market volumes has produced an 11.2 per cent increase in our fee income to £36.8 million over the half year,” said chairman Sir David Howard.