SJP sees funds under management jump to £41.8bn

St James Place has record funds under management of £41.8bn in the three months to the end of September, compared to £32.8bn in the same period in 2012.

Its interim management statement for Q3, published today (24 October), revealed that it had a strong quarter.

Net inflow of funds under management of £1.03bn are up 37 per cent compared to the third quarter in 2012. Total single investments of £1.7bn have increased by 27 per cent compared to 2012, while total new business on an APE basis of £203.9m is also up by 23 per cent.

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The adviser firm also continued to retain 95 per cent of existing clients’ funds.

David Bellamy, chief executive, said: “There is a reassuring consistency about our business that, at its core, is about maintaining long lasting relationships with our partners and clients alike and serving them well.

“The focus we have maintained on those relationships and providing our clients with reliable added value advice and investment performance has enabled us to double our funds under management over the last four years.

“We believe in face-to-face advice and are committed to delivering this through our dedicated and professional team of advisers, the Partnership. We also believe in active investment management with the breadth of our investment proposition today providing a balance and dependency that our clients appreciate.

“The momentum in our business is such that we remain confident in our ability to deliver growth in line with our objectives during the final quarter of 2013 and beyond.”