St James's Place

Fraudsters based in Belgium have used the Financial Services Authority (FSA) register details of a St James's Place partner to dupe consumers.

Wealth manager St James's Place is considering a discretionary fund management (DFM) offering to land high net worth (HNW) clients.

Profits at wealth manager St James's Place (SJP) rose in the first six months of the year, helped in part by a record quarter for new business.

Funds under management at wealth manager St James's Place have hit a record £31bn.

Wealth manager St James's Place (SJP) has reported a 30% rise in profits for 2011.

Fund launches reached a decade low last year as groups held back new products in the face of market volatility.

Financial services group St James's Place (SJP) recorded a 13% increase in sales to £154m in the third quarter, it said today.

St. James's Place failed to make a profit from its distribution arm in the first half of 2011, citing the impact of the Retail Distribution Review (RDR), although group operating profit was up 13%.

St. James's Place is launching a global equity fund in a bid to diversify assets away from fund manager THS Partners, Investment Week understands.

The distribution unit of wealth manager St James's Place (SJP) turned a huge loss in 2009 into a significant profit last year after new business increased by a third.