St James's Place assets hit £52bn as adviser numbers rise

The wealth manager said total new single investments in the year to 31 December totalled £7.8bn, up 18% from 2013 when they reached £6.6bn. It added client retention remained at 96% and new inflows of funds under management were also up 20% at £5.09bn. New business on an APE basis was up 17% to £895.6m. SJP  said partnership numbers were up almost 9% to 2,132 including new partners in Asia. The total number of qualified advisers was up 10.3% to 2,835. Chief executive David Bellamy said: “I am delighted to report another record year of new investments. “We attracted over 50,00...