St James's Place  

SJP boasts of record year

SJP boasts of record year

Wealth manager St James’s Place has said 2017 was a ‘record year’, with a 29 per cent increase in fund inflows.

In an update to the market this morning (25 January), SJP reported it had retained 96 per cent of client funds during the course of last year, and now has £90.7bn under management, a 20 per cent increase.

The figure included £14.6bn of gross fund inflows, up 29 per cent, and a 40 per cent increase in net fund inflows to £9.5bn.

Article continues after advert

The company also increased its number of qualified advisers by seven per cent to 3,661.

Andrew Croft, chief executive, said the figures were due to “the importance we place on maintaining long lasting relationships with, and between, our [adviser] Partners and clients and serving them well”.

“We continue to see a growing demand for advice and it is therefore also pleasing to report a seven per cent increase in the number of qualified advisers across our Partner businesses," he said.