SJP reports £9bn inflows in 'challenging' year for UK wealth managers
Lower than in 2018
Andrew Croft, CEO of SJP
St James's Place has reported £9bn of net inflows in a “challenging” year for the UK wealth management sector, but this came in lower than the £10.3bn the business took in last year.
The inflows, as well as positive market movements, contributed to a 22% increase in funds under management to a record £117bn as of 31 December 2019. However, more modest inflows and higher costs of...
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