St James’s Place has posted a rise in funds under management to £184.4bn for the third quarter of 2024.
The figure marks an increase from both Q2 2024 and Q3 2023, when it stood at £181.8bn and £158.5bn, respectively. According to SJP's trading statement for the quarter ended 30 September published today (17 October), net inflows for the business continued albeit lower than the two prior periods. The wealth manager closed the third quarter with around £890m in net inflows, compared with £1.2bn at the end of June 2024 and around £910m in Q3 2023. FUM retention rate remained steady from Q2 2024 at 94.6%, although lower than the 95.3% reported in the third quarter of 2023. Gross infl...
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