SJP posts record monthly inflows in March; acquires tech support firm

Has worked with Technical Connection since 1991

Natalie Kenway
clock • 2 min read

Wealth management group St. James's Place saw record monthly gross inflows in March of £1bn, taking the group's overall funds under management to £62bn, as it announces the acquisition of technical support services firm Technical Connection.

In a trading update for the first quarter of 2016, the group said it saw total gross inflows of £2.5bn, compared to £2.1bn in Q1 2015. Net inflows were £1.36bn, compared to £1.32bn last year. This brought total FUM to £62bn, a significant jump from £55.8bn at the end of the first quarter last year. Chief executive David Bellamy (pictured) said: "Against a backdrop of continued uncertainty across global stock markets, our business is performing strongly. "Supported by a monthly record £1bn of gross inflows in March, the total gross inflows for the quarter were £2.5bn, up 16% over th...

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

More on Economics

Trustpilot