St James’s Place (SJP) CEO Mark FitzPatrick faced an analyst grilling on adviser retention this morning (29 July) during an investor half year results call.
Discussion during a Q&A session repeatedly pulled back to retention and the competitiveness of fees paid to advisers. The half year results came as the wealth manager's share price has yet to recover from a 10% slide in mid-July on news of partner firm exits (Wellesley Investment Management and Prospera Wealth Management, with Sovereign Wealth also rumoured to be leaving) to rivals. Here's what we learned from this morning's call. Adviser numbers broadly static – but CEO quiet on new entrant academy/lateral split SJP's adviser numbers for H1 2026 stood at 4,951, a slight increase...
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