View more on these topics

SJP assets pass £75bn after record inflows

SJP chief executive David Bellamy

St James’ Place’s funds under management have passed £75 billion as the national advice giant reports a 28 per cent increase in assets for 2016.

In its final quarter results published today, SJP says funds under management are now at £75.3 billion after benefiting from gross fund inflows of £3.3bn in the three months to December, up nearly a third on the previous quarter.

In total over 2016, gross inflows came in at £11.4bn, 23 per cent higher than the previous year, with net inflows of £6.8bn also 17 per cent higher than 2015.

Over 2016, SJP bolstered its adviser numbers by 10 per cent, with 3,415 qualified advisers now with the firm.

SJP said that through the final quarter of the year it continued a “strong retention” of client funds of 95 per cent.

Chief executive David Bellamy says: “Alongside these fund flows, we’ve continued to expand our capacity to attract new clients and build upon our existing client relationships, both in the UK and in Asia, and this bodes well for our future growth.

“These results and the continued resilience of our business reinforce our confidence in our strategy and the outstanding job our advisers do in managing their clients’ financial affairs and the benefits of our distinctive investment management approach.”

SJP has recently come under criticism for its charges and exit fees, with one adviser recently pledging to offer a free review to any SJP clients over cost and suitability concerns.



SJP under fire again over charges and exit fees

Clients of St James’s Place have attacked the firm over what they say is an opaque charging structure and punitive levels of exit fees. The Sunday Times was asked to examine what retired solicitor Arnold Rosen had been charged by SJP between 2009 and 2015 after Rosen could not work out the level of charges […]

SJP-owned DFM looks to break £2.5bn AUM in UK expansion

Rowan Dartington chairman Graham Coxell says the discretionary fund manager is on track to see its assets increase to £2.5bn next year and that non-organic growth will be on the agenda as its UK expansion continues. The firm, which was acquired by St James’s Place in 2015, broke through £1.5bn assets under management earlier this […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Like or loathe SJP, they are obviously running a very successful business.

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