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.
