St James’s Place (SJP) posted £3.8bn in net inflows for the first six months of 2025, double the figure from the same period last year, as the firm said it would release £63.4m after tax in the Ongoing Service Evidence provision, which covers redress for ongoing client service charges.
The £3.8bn in net inflows came in 19% above consensus, according to Jefferies analysts. In its half-year results today (31 July), SJP noted that its retention of client funds under management also remained high at 95.3%. "This, together with positive investment performance for clients, drove funds under management (FUM) to a record £198.5bn, underpinning a strong underlying cash result of £240.4m," said SJP CEO Mark FitzPatrick. The FUM total was up from 31 December 2024, when it stood at £190.2bn, marking a 4.3% increase - 1% ahead of forecasts, Jefferies said. The £63.4m relea...
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