SJP net inflows halve from £9.8bn to £5.1bn over 2023

CEO: 'SJP is reviewing all elements of our business.'

James Baxter-Derrington
clock • 1 min read

Net inflows at St James’s Place (SJP) halved over the course of 2023, with the figure falling from £9.8bn to £5.1bn.

Despite this, closing funds under management grew 13.4%, up to £168.2bn, while the firm's investment arm was the only to suffer net outflows, with £190m leaving the business over the year. DFM flows remained flat, with the pensions arm making the only dent in inflows, adding a net £5.2bn over the 12 months to 31 December 2023. SJP chief executive Mark FitzPatrick said: "While the need for trusted face-to-face financial advice remains as strong as ever, client capacity and confidence to commit to long-term investment have been impacted by the economic environment and short-term alterna...

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