Charles Stanley

Charles Stanley Halts Certificated Dealing

Charles Stanley, one of the larger traditional retail stockbrokers, has advised its clients that it will soon cease support of certificated trading. Those retaining paper share certificates because they appreciate the rights associated with being on the share register of a company will be moved into nominee accounts, unless they choose to transfer their business elsewhere. We have updated the page on the ShareSoc web site which lists alternative suppliers of certificated dealing and personal crest accounts which is here: https://www.sharesoc.org/brokers.html One advantage ...

Undisclosed Fees and AGMs

It's interesting what you can learn at Annual General Meetings, or from ShareSoc reports on them, even if you don't attend in person. One of the recent news items in the financial press was about the disclosure of what private equity fund managers have received in "carried interest". It transpired that two very large US pension funds, Calpers and Calstrs, had no idea how much their fund managers had earned in this way over many years on top of their normal fees. ...

Charles Stanley and Alliance Trust

Stockbroker Charles Stanley (CAY) today announced their Preliminary Results for the year ending in March, and also announced they had exchanged contracts for the disposal of the CSS Division. The results were somewhat better than expected, but there was a loss before tax of £6.1 million, albeit with positive underlying earnings per share. Charles Stanley have a considerable retail investor client base and it is always worthwhile for investors to keep an eye on the financial position of their stockbroker. The ...