St James’s Place (SJP) has reported an increase in client funds under management (FUM) to £179bn, up from £153.6bn for the three months ended 31 March 2024.
The wealth manager attributed this rise to a strong period of investment returns, as its "investment proposition continues to deliver for clients". However, the firm's net inflows were at £710m, which is lower than the £2bn reported in the same quarter last year. Despite this, SJP said its FUM benefited from net inflows, "further extending our track record of generating net inflows every quarter". Gross inflows were at £4bn which were lower year-on-year, in part due to the fewer number of working days in March this year ahead of the key tax year end period. For the year to 5 April,...
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