St James's Place

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.

Analysts at Numis have compared charges from the likes of Barclays, Brewin, Coutts and Rathbones to investigate how industry fees stack up against platforms' newly-unveiled clean prices.

Wealth manager St James's Place (SJP) saw net inflows of £4.3bn in 2013, a 28% year-on-year rise.

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place, netting it a profit of more than £100m.

Charles Gregson, chairman of St. James's Place, is stepping down from his role at the end of the year to be replaced by Sarah Bates.

St. James's Place, the wealth management group, has reported funds under management of £41.8bn, up 5% over the three months ended 30 September 2013, and 20% since the start of the year.

Wealth management firm St James's Place is reviewing two mandates managed by Neil Woodford after his shock departure announcement yesterday.

St James's Place has selected IFDS to administer its protection, investments, pensions and collectives business.