St James's Place  

St James's Place denies incentives in manager selection

However, because of the elections in France and Germany, he said it would be important to keep an eye on any ensuing volatility, as well as to consider what opportunities and asset classes clients could be better exposed to in a rising interest rate environment, given inflationary pressures in 2017.

St James's Place is also looking at the potential to incorporate less liquid strategies into portfolios over the course of 2017, given the low-return environment globally.

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He said: "Where there are opportunities to access less liquid strategies that could potentially offer superior returns, there is the potential to incorporate these into a portfolio, even if it is just a relatively small slice of a client portfolio.

"This is something we are considering and planning and I hope we could make this opportunity available to clients over the course of 2017."