St James's Place (SJP) has reported record flows for the final quarter of 2016, with net inflows up 26% to £2.1bn.
The group said this resulted in net inflows being up 17% for the year to £6.8bn. For the three months to 31 December 2016, the wealth manager said its strong flows also lifted funds under management to £75.3bn, an increase of 28% for the year. Overall funds under management was split 27% in UK equities, 22% in North American equities, 15% in fixed interest, 11% in European equities, 8% each in Asian equities and cash, 4% in property, 2% in alternative investments and 3% in other. SJP extends lead as UK's largest private asset manager The group said it also maintained strong rete...
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