SJP says advice charges not 'major' profit driver as stock drops 2%

Annual results

Sophie King
clock • 2 min read

St. James’s Place has reported that advisory charges are not a “major driver” of its profits, as its shares decreased by more than two per cent (2.31%) this morning.

In its annual results for 2019 published this morning (27 February), the advice giant explained that most of the initial advice charges received are "offset by corresponding remuneration for partners". On the news of its results its share price dropped by 3% before recovering slightly to a 2.3% drop by 11am. Therefore, an "increase in these revenue streams will correspond with an increase in the associated expense and vice versa". It also said initial product charges are not on top of the profit list. This is because "they are spread out over the expected life of the investment". Rath...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read
SJP rebrands global equity income fund and reduces charges

SJP rebrands global equity income fund and reduces charges

Appoints Acadian as investment adviser

Patrick Brusnahan
clock 22 July 2026 • 1 min read
Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

'Bonds should not be doing all the defensive work'

Will Dickson
clock 09 July 2026 • 4 min read