St James's Place

Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.

Shares in wealth management group St James's Place (SJP) rose almost 5% in early trading on Wednesday, after it reported a near-30% rise in profits last year despite a negative contribution from its distribution business.

Jupiter Asset Management is at a "crossroads" and its profit growth may be at an artificially high level, according to Franklin Templeton's Paul Spencer.

St James's Place (SJP) saw funds under management hit a new record in the last 12 months, its latest figures show.

Net inflows at St James's Place (SJP) rose 23% in the third quarter as ISA rule changes helped boost new business, interim results show.

St James's Place has dropped PIMCO's team as manager of its multi-asset fund as part of a number of changes to its investment range.

Wealth manager St James's Place (SJP) has revealed it received a Financial Services Compensation Scheme (FSCS) levy of £6.9m for 2014.

St James's Place (SJP) has reported a strong first quarter, with a significant uptick in new business over the reporting period.

St James's Place is to reallocate £7bn in mandates currently run by Invesco Perpetual to Neil Woodford and Threadneedle, with a further £700m mandate going to Manulife.

St James's Place (SJP) saw its distribution business tumble into the red last year owing to the cost of hiring more advisers, and a £5.5m FSCS levy.