St. James's Place unit trust and ISA sales surge 84%

St. James's Place recorded an 84% surge in unit trust and ISA investments over the first quarter of the year.

The wealth manager's unit trust and ISA sales hit £295.6m in Q1, with its ISA business particularly strong, up 102%. Total new single investments at the group reached £1.12bn over the quarter, up 57% on the corresponding period last year, leading to a £700m net inflow. St. James's Place now has £23.3bn under management, up 9% year-to-date and 52% over the past twelve months. "Against an improving market backdrop, we have delivered a very strong all round performance that is a credit to the Partnership and our entire community," St. James's Place chief executive David Bellamy says. ...