St James's Place reported total new business (APE) hit £581.8m in 2010, a rise of 32% compared to £440.8m the previous year.
There was 37% growth in total single investments to £4.75bn, from £3.46bn in 2009, with funds under management reaching a new high of £27bn for the wealth management group. This was up £5.6bn over the year as rising markets also boosted assets.
Meanwhile, SJP's partnership numbers rose 6% for the year to 1,552.
David Bellamy, SJP chief executive, comments: "I am extremely pleased to report another year of record new business for St. James's Place, including a strong final quarter. New investments of £4.75bn coupled with the excellent retention of existing client funds and further growth in stock markets, have resulted in funds under management reaching an all time high of £27bn.
"We remain committed to recruiting only the highest quality advisers into the Partnership, while ensuring that we are able to offer a best in class investment proposition for clients.
"We believe this focused approach will enable us to maintain momentum in our business and provide a good platform to deliver 15-20% per annum new business growth over the medium term"
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception