SJP sees another record quarter in Q1 as inflows soar 46%

FUM hits £80bn

Laura Dew
clock • 1 min read

St James's Place (SJP) has seen nearly £2bn of inflows in the three months to 31 March, 46% higher than for the same period last year.

In its results for the three months to 31 March, the wealth manager said group funds under management (FUM) has risen to £79.8bn, up from £62bn a year ago. Meanwhile, net inflows amounted to £2bn, up from £1.4bn a year ago, marking a 46% increase. However, the firm's investment arm only accounted for £170m of net sales, with the remainder made up of £1.02bn from the sale of pensions products and £800m from its unit trust, ISA and DFM businesses. SJP CEO Bellamy to step down after 11 years In addition, there is a further £526m of funds under management in third party funds within...

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 Wealth Management

Wealth management heavyweights join KKR's Global Wealth Investment Council

Wealth management heavyweights join KKR's Global Wealth Investment Council

Newly formed forum

Valeria Martinez
clock 25 March 2024 • 1 min read
M&G Wealth Platform to host full MPS range from 7IM

M&G Wealth Platform to host full MPS range from 7IM

Expands accessibility for advisers

Sahar Nazir
clock 19 February 2024 • 1 min read
Redington head of global assets Gillespie: Do you trust your DFM?

Redington head of global assets Gillespie: Do you trust your DFM?

Five key questions to ask

Tara Gillespie
clock 31 January 2024 • 4 min read
Trustpilot