St James's Place

The number of complaints upheld against networks and nationals by the Financial Ombudsman Service (FOS) have dropped in the last half year, figures show.

St James's Place (SJP) is nearing the acquisition of one of the largest privately-owned IFA firms in the Asia region, in what its chief executive said could represent the first of several moves into expatriate jurisdictions.

St James's Place's (SJP) distribution business tumbled into the red last year, which the firm said was due to the cost of hiring more advisers, and a £5.5m Financial Services Compensation Scheme (FSCS) levy.

Analysts at Numis have compared charges from the likes of Barclays, Brewin, Coutts and Rathbones to investigate how industry fees stack up against platforms' newly-unveiled clean prices.

Former St James's Place (SJP) adviser Tim Horrocks has revealed plans to launch an advisory firm later this month called RockWealth.

Wealth manager St James's Place (SJP) saw funds under management (FUM) increase by £9.5bn to a record £44.3bn last year.

National IFA firm Foster Denovo has appointed former Financial Conduct Authority (FCA) supervisor Jane McTigue as compliance and risk director.

St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

Skandia head of wealth planning Colin Jelley has left the firm after ten months in the role.

Lloyds Banking Group is to sell its remaining 21% stake in St James's Place.