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...
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