St James’s Place (SJP) is now represented by 4,766 qualified advisers across the partnership, an increase of 73 advisers in the year to date, according to its latest trading update.
The wealth manager's interim results for the first half of 2023 showed that 169 advisers graduated from its academy with 346 now enrolled. Meanwhile, SJP revealed that it is putting an annual product management cap on bond and pension investments for clients with long-term investments after they have been invested for ten years. This is in response to Consumer Duty, the wealth manager said. In terms of the firm's broader financials, profit after tax was £161.7m - down from £208.2m in 2022. It recorded gross inflows of £8.0bn, down from £9.1bn in 2022. Net inflows were £3.4bn...
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