New business at wealth manager St James's Place (SJP) was up 18% in the third quarter of the year to £212m as clients took advantage of increased ISA limits, interim results show.
The business said over nine months new business was up 19% to £660m compared to the same period last year. Q3 also was total new single investments of £1.8bn and improvement of 19% and and 21% over the nine months to £5.8bn. Net inflows of funds under management were £1.27bn - up 23% in quarter and 23% over nine months at £3.71bn. Funds under management were up 17% over 12 months and 11% since the beginning of the year, standing at £49bn. The results added SJP continued strong retention of clients' funds under management at 95%. Chief executive David Bellamy said: “I am very...
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