St James’s Place has seen funds under management jump 12 per cent in the first three months of the year and 26 per cent over 12 months to reach £39bn.
In its interim management statement, published today, the firm reported a 36 per cent increase in net inflows in Q1 of £947m, compared to £698m in 2012.
It reported a 28 per cent increase in total new investments to £1.6bn, compared to £1.3bn in 2012.
St James’s Place chief executive David Bellamy says: “I am very pleased to be reporting another quarter of strong growth in new investments, which combined with positive equity markets, and specifically the performance of our client funds, has seen our funds under management increase by £4.2bn to £39bn.”
Bellamy says the growth was driven by improved investor sentiment, a sustained low interest environment, client satisfaction and growth in adviser numbers.