Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

SJP profits from RDR with 27% asset growth

SJP profits from RDR with 27% asset growth

St James’s Place (SJP) grew its assets under management by 27%, as it benefits from the post-RDR squeeze on the financial advice sector.

The restricted advice group's funds under management increased from £34.8 billion to £44.3 billion over the course of 2013. 

Net inflows reached £4.3 billion, up 28% from £3.35 billion. Total new business on an APE basis was £865.2 million in 2013, up 16% on the £743.3 million for the previous year.

SJP's partner numbers also increased by 9.5% to 1,958 during 2013. The firm also retained 95% of its clients’ funds under management in the year.

David Bellamy (pictured), chief executive of SJP, said the company had benefited from pressures affecting the rest of the advice market.

‘At a time when access to trusted advice is increasingly in short supply, we remain focused on this aspect of our business and believe our clients value our approach. They also value the importance we place on looking after their wealth through our distinct approach to investment management which offers them a breadth of investment options and bespoke portfolios.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter