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

Annual results

Sophie King
clock
 “…And so and increase in these revenue streams will correspond with an increase in the associated expense and vice versa" - SJP.
Image:

“…And so and increase in these revenue streams will correspond with an increase in the associated expense and vice versa" - SJP.

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 partne...

To continue reading this article...

Join Professional Adviser

 

  • 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

Liz Truss defends Mini Budget despite BoE intervention

Liz Truss defends Mini Budget despite BoE intervention

The PM has spoken on several local BBC Radio stations this morning

clock 29 September 2022 • 1 min read
“Data will get more complex and more explanation is needed. Many people don’t even understand what ESG risk means.” - Samantha Cone

Consumer protection crucial in 'complex' ESG market, says FCA

Industry experts share views at Boring Money's Retail Investor Event 2022

clock 29 September 2022 • 2 min read
Holdsworth:  "Selling in the both the conventional and index-linked gilt market has been intense in recent days."

Gilt market intervention gives 'breathing room' to embattled DB schemes

Intervention stabilises market after schemes rush to sell bonds

Jonathan Stapleton and Stephanie Baxter
clock 29 September 2022 • 6 min read