St James’s Place (SJP) has reported net inflows fell 11% last year, though 2022 still marked the second best year in its history for new business flows.
Net inflows were £9.78bn last year, down from £11.04bn in 2021. Advisers attracted £3.87bn of new client investments during the final quarter. Retention of client investments, together with new client investments, resulted in net inflows of £2.05 billion for the quarter. Gross inflows for the full year totalled £17.03bn. SJP chief executive Andrew Croft said the results were "despite significant macroeconomic challenges, which deepened as the year progressed". He added: "2022 marks the second-best year for new business flows in St. James's Place's history. This strong outcom...
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