St James's Place (SJP) saw its total AUM grow by 20% to £90.7bn over the course of 2017 as net inflows to its funds grew by 40%, drawing in £9.5bn overall.
SJP's AUM grew from £85.7bn at the beginning of Q4, primarily as a result of £2.2bn of net investment returns over the previous three months amid net inflows of £2.9bn. The strongest inflows throughout 2017 were seen in SJP's pension business, which brought in £7.3bn, followed by its DFM unit, which saw inflows of £4.9bn. Over the course of 2017, the firm witnessed £6.2bn in net investment returns as gross inflows reached £14.6bn following a "record year" for the firm with a client retention rate of 96%. according to CEO Andrew Croft. Croft said: "At the heart of this sustained...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
