St James’s Place (SJP) shares opened lower this morning (17 July) after yesterday’s slide on news of two appointed representative (AR) exits from the group, with at least one joining rival network Soderberg & Partners.
At time of writing, St James's Place's share price was 1,081p, down 9.9% from Thursday's (16 July) open of 1,200p. The share price fall started yesterday, when reports circulated that two large SJP ARs, Sheffield-based Prospera Wealth Management and South East-based Wellesley Investment Management had left the wealth manager's network to join a rival. Both firms are no longer listed as SJP ARs on the Financial Conduct Authority's register of authorised firms. Wellesley Financial Services is now listed as an AR of Söderberg & Partners. "We're proud to announce our partnership wi...
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