SJP sees record inflows in Q4


St James’s Place saw a 17 per cent rise in net inflows in the last quarter of 2015 to £1.63bn, marking record net inflows.

Gross inflows at the wealth management group were also up 17 per cent for the year, to £9.24bn.

Funds under management reached £58.6bn for the year, up 13 per cent  on 2014. This will rise to £59.8bn when accounting for the Rowan Dartington acquisition last year.

For the final quarter of 2015 gross inflows were £2.52bn, up 20 per cent on the same period in 2014.

SJP chief executive David Bellamy says: “Despite the continued volatility across global stock markets, our business continues to perform strongly.

“Gross inflows for the full year in 2015 were 17 per cent higher at a record £9.24bn which, together with the sustained high retention of clients and their investments, resulted in record net inflows in the twelve months of £5.78bn, growth of 14 per cent.”

The investment division saw net inflows of £1.19bn during the year, while pension net inflows were £2.4bn.

Adviser numbers grew by 10 per cent to 3,113, while partnership numbers rose 6 per cent to 2,264.