St James's Place new business jumps 20% after strong first quarter

Jenna Towler
clock

St James's Place (SJP) has reported a strong first quarter, with a significant uptick in new business over the reporting period.

SJP reported total new single investments of £1.8bn, an increase of 22% on the same period in 2013. It added there had been net inflows of funds under management of £1.2bn up 26%. In 2013 that figure stood at £900m. The wealth manager’s funds under management (FUM) totalled £45.8bn, up from £39bn last year and up 17% over 12 months. FUM has increased 3.4% since the beginning of the year. SJP new business on an APE basis was up 20% to £205.4m compared to £170.6m last year. SJP chief executive David Bellamy (pictured) said: "Against the strong first quarter comparatives of last ye...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot