St James's Place reports 22% rise in managed funds
Wealth management group St James's Place has posted a 22% increase in funds under management, according to its latest interim statement.
FTSE 100
7,847.99
17:04 17/04/24
n/a
n/a
FTSE 350
4,316.81
16:54 17/04/24
n/a
n/a
FTSE All-Share
4,273.02
16:54 17/04/24
n/a
n/a
Life Insurance
5,621.47
16:54 17/04/24
0.30%
17.05
St James's Place
411.00p
16:40 17/04/24
2.24%
9.00p
Giving details on Tuesday, St James's Place said funds under management had risen to £55.8bn for the three months March end, up 22% from £45.8bn in 2014, and 7% since the beginning of the year.
It also reported an increase of 9% in net inflow of funds under management from £1.19bn in 2014 to £1.30bn. The wealth manager added that its client retention rate stood at 96%.