“It’s not a danger, it’s a near certainty.”
So said an industry expert of SJP's prospects of being booted from the UK's top index, as Chris Newlands dived into the past and future of Britain's biggest wealth manager. The very thing that made fortunes for St James's Place is at the heart of its current woes: fees. Friday Briefing: Does China carry an unfair geopolitical risk premium versus the US? With a share price slump of almost 75% since its 2021 peak, and a drop of 27% this year alone, it would be hard for anyone to argue the Cirencester-headquartered firm isn't in trouble. "Until now, SJP has provided good value for ...
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