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SJP sees record inflows in Q4

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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.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. So the company that still pays commission to its salesman, has initial charges and exit penalties see record inflows – FCA please take note…….

  2. Worth noting that the inflows only equate to £809,000 per adviser per year.

    Also, if you assume the 300 new advisers would be transferring their existing clients over lock stock and barrel to SJP, then the ‘new’ monies per adviser would in effect be less than £809,000 although I accept that this money would be ‘new’ to SJP.

  3. Nothing to do with reaching target to be able to attend the “business” cruise next year in the Med I suppose?

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