SJP surpasses £90bn AUM after 'record year' - wealth manager round-up

SJP's AUM grew from £85.7bn at the beginning of Q4, primarily as a result of £2.2bn of net investment returns over the previous three months amid net inflows of £2.9bn.   The strongest inflows throughout 2017 were seen in SJP's pension business, which brought in £7.3bn, followed by its DFM unit, which saw inflows of £4.9bn. Over the course of 2017, the firm witnessed £6.2bn in net investment returns as gross inflows reached £14.6bn following a "record year" for the firm with a client retention rate of 96%.   according to CEO Andrew Croft. Croft said: "At the heart of this sustained...