SJP reports 'record' Q1 as AUM reach £135bn

Q1 business update

Jenna Brown
clock • 1 min read

St James’s Place (SJP) has reported a record first quarter with assets under administration (AUM) reaching £135bn.

Gross inflows for the three months to 31 March were £4.79bn and net inflows stood at £2.90bn, it said. Chief executive Andrew Croft said: "The moderate growth in new business that we saw in the early weeks of 2021 gathered pace through the quarter as confidence improved and clients sought to commit accumulated savings to longer-term investments. "This, together with strong activity linked to tax year-end planning, resulted in an exceptional new business performance in March bringing gross inflows for the quarter to £4.79bn, 19% higher than the corresponding period last year." He ad...

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