David Bellamy, the chief executive of St. James's Place (SJP), has said the business is "well positioned" to reap the benefits of the new trading environment introduced following the Retail Distribution Review (RDR).
Bellamy's comments come as the financial planning and investment management business revealed funds under management reached almost £35bn in 2012, a record for the company and up 22% over the year.
Bellamy (pictured) said: "We enter the year well positioned for the new RDR environment, with over 2,000 people fully qualified to the new diploma level.
"Recruitment activity remains buoyant and we have good momentum across all aspects of the business as we continue to develop our investment proposition and enhance the service we provide to our clients."
In full-year 2012, SJP welcomed more than £743m of new business on an annual premium equivalent basis. This was up 16% - from £642m - on the previous year and was achieved following a buoyant Q4, when the company made £224m worth of sales.
The company said it had increased the number of advisers working at the business by more than 8% over the year, to 1,788.
Bellamy said: "We are confident that our approach of face to face advice, provided by a trusted adviser, and a sound investment proposition positions us well for growth in new business, in line with our objectives, in 2013 and beyond."
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