The FSA has issued a warning about a Geneva-based firm which may be luring in UK customers who think they are dealing with wealth manager St James's Place.
St. James's Place has appointed former Skandia tax head Colin Jelley to the new position of divisional director private clients.
A 35-year-old man has been found guilty of the murder of former St. James's Place investment adviser Geoff Kerr.
The distribution unit of wealth manager St James's Place (SJP) turned a huge loss in 2009 into a significant profit last year after new business increased by a third.
St James's Place reported total new business (APE) hit £581.8m in 2010, a rise of 32% compared to £440.8m the previous year.
Funds under management at St James's Place climbed £2.4bn to £24.8bn in the three months ending 30 September, and have now doubled over the last five years.
St James's Place (SJP) is close to completing a compensation package for some 30 investors who collectively lost millions of pounds in investments made by a former senior partner.
Adviser networks had half of the complaints against them referred to Financial Ombudsman Service (FOS) upheld in the first six months of the year.
St James's Place (SJP) reported a group operating profit of £162.1m for the first half of 2010, up 60% on £101m for the same period in 2009.
St James's Place (SJP) is set to announce bumper first half sales this week in a move that may push majority shareholder Lloyds to offload its stake in the company.