View more on these topics

SJP passes £100bn funds under management

tracker fundsSt James’s Place has passed the £100bn funds under management mark after reporting another quarter of positive flows.

Net inflows for the nine months ended 30 September were £7.7bn, up 15 per cent, with overall funds under management up 11 per cent since the beginning of the year to reach £100.6bn.

SJP says it continues to retain 96 per cent of client funds.

Chief executive Andrew Croft says that the “strength and professionalism” and “breadth of client proposition” of SJP gives it an advantage over its peers.

He says: “We have delivered this continued growth despite both tough comparatives and a more challenging environment for the industry, once again demonstrating our resilience in these market conditions.

“There remains growing demand for high-quality financial advice, notwithstanding the current macro and geo-political uncertainty.”

The results show SJP has decreased the proportion of assets it holds in UK equities from 22 per cent to 19 per cent, and in European equities from 12 per cent to 10 per cent.

It has increased its holdings in alternatives from 3 per cent to five per cent, and in fixed interest from 17 per cent to 19 per cent.

£42bn of SJP funds are currently pension wrapped, with £29bn sitting in investments, and another £29bn sitting across its unit trust, Isa and discretionary managed portfolios.

In its current replatforming, SJP chose to migrate its Isa and unit trust business first, with drawdown clients moving earlier this year, and pre-retirement pension clients currently undergoing the switch during a 10-day blackout ending 29 October.

In the most recent quarter, £2.3bn of SJP’s £3.8bn of inflows came into pensions products.

At 8.45am, SJP share were down 3.5 per cent on their opening.



SJP shares sliding as £100bn AUM mark approaches

Shares in advice giant St James’s Place are “irrationally” undervalued given the firm alone makes up 12 per cent of the advice market, analysts have said. SJP had £96.6bn in assets under management in August and is expected to surpass £100bn when it releases its interim report on Q3 later this month. Shares in the […]

The home of your dreams or a possible nightmare

Simon Halifax – Senior Marketing Consultant, Royal London Renovating a home could have an impact on your client’s savings and income. ‘Grand designs’ or indeed home renovations appear to have really taken off this year, especially where I live. As there are a huge number of homes getting extensions, roofs replaced or new windows and doors. I’m […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm