St James's Place sees further boost to adviser ranks

According to its 2016 Q4 update, SJP now has 3,415 qualified advisers on its books - almost 10% up on the 3,113 it had at the start of the calendar year. The firm's stated target range of adviser growth, however, is 5% to 6% per year, according to investor relations director Tony Dunk. "The numbers are ahead of where they should be," he said. SJP said it recruits its advisers from three different areas - "experienced" advisers from the advice market, its networked adviser firms who expand their practices, and its academy. It has also seen advisers join its Asia-based offices. Dunk add...