The Odyssey may now be unfolding on screens everywhere all at once (though good luck getting an IMAX ticket), but the financial advice and wealth management world has this week been glued to another saga.
Remember last October? An FT headline declared that we had witnessed the "remarkable redemption" of St James's Place (SJP), and it was hardly alone. The group underwent an exceptional turnaround, after CEO Mark FitzPatrick ably clawed it out of the non-FTSE 100 underworld and back into profit through cost-cutting, fee changes and an image switch up. Today, SJP's top team will be looking to steer it away from the reefs again following a stock market clobbering. The wealth manager's share price has slid (around 10%) since reports broke of firms representing billions of pounds of asse...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
