SJP posts record FUM in 2024 despite fall in net flows

£5.5bn in new client investments

Beth Brearley
clock • 2 min read

Funds under management at St James's Place reached a record-breaking £190.2bn in 2024 despite lower net flows year on year.

The wealth manager amassed £5.5bn in new client investments over the fourth quarter taking annual gross inflows to £18.4bn for the year, an increase of 20% on 2023.  Net inflows for the final quarter reached £1.5bn – almost doubling from £770m in Q4 2023 – despite jitteriness around the Autumn Budget leading to a surge in both gross inflows and outflows in October. In total, net inflows for 2024 registered at £4.3bn, a drop from the previous year's net flows of £5.1bn. The retention rate also fell slightly year on year, from 95.3% in 2023 to 94.5%. Over 25% of St James's Place fund...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Companies

Ashmore Group profits take a 33% dip amid increased market volatility

Ashmore Group profits take a 33% dip amid increased market volatility

AUM mostly unchanged

Sorin Dojan
clock 07 February 2025 • 2 min read
FCA rejects all Blackmore Bond complaints

FCA rejects all Blackmore Bond complaints

Writing to those criticising its handling of the case

Isabel Baxter
clock 06 February 2025 • 2 min read
The Beauty Tech Group plans London listing later this year

The Beauty Tech Group plans London listing later this year

Based in Manchester

Sorin Dojan
clock 06 February 2025 • 1 min read
Trustpilot