St James's Place (SJP) has rejected accusations that the company is sales-driven.
The wealth manager announced it had increased sales by 10% in Q4 2011, in a statement to the London Stock Exchange this morning. But chief executive David Bellamy said the belief among some independent advisers that the company put sales targets above its clients is "fundamentally wrong". "Small IFAs are misguided in their perceptions of St James's Place," he told IFAonline. "When we launched this business 20 years ago, we said the focus of our attention would be good old-fashioned advice. We've stuck with that for the last 20 years." SJP has no plans to abandon its commission-d...
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