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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read
Winds of change: Private markets access for retail investors

Winds of change: Private markets access for retail investors

Investing in LTAFs, accessibility aside, needs careful consideration

Dorian Hughes
clock 02 July 2025 • 5 min read