Wealth management group St. James's Place saw record monthly gross inflows in March of £1bn, taking the group's overall funds under management to £62bn, as it announces the acquisition of technical support services firm Technical Connection.
In a trading update for the first quarter of 2016, the group said it saw total gross inflows of £2.5bn, compared to £2.1bn in Q1 2015. Net inflows were £1.36bn, compared to £1.32bn last year. This brought total FUM to £62bn, a significant jump from £55.8bn at the end of the first quarter last year. Chief executive David Bellamy (pictured) said: "Against a backdrop of continued uncertainty across global stock markets, our business is performing strongly. "Supported by a monthly record £1bn of gross inflows in March, the total gross inflows for the quarter were £2.5bn, up 16% over th...
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