Despite the changing business model revenue rose four per cent on the same period last year to £70.8m. Charles Stanley will reportedly continue with a cost-cutting plan aimed at converting it into a holistic wealth manager over the next three to five years; the company is looking to recover from declining profitability having given two profit warnings in 2014. The firm has been struggling for years and was recently forced to sell its stake in US investment bank Morgan Stanley.
Charles Stanley will reportedly continue with a cost-cutting plan aimed at converting it into a holistic wealth manager over the next three to five years; the company is looking to recover from declining profitability having given two profit warnings in 2014. The firm has been struggling for years and was recently forced to sell its stake in US investment bank Morgan Stanley.