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 grow...
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