Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter