St. James’s Place, the UK-based wealth manager, has recorded record funds under management (FuM) of £47.6 billion in the first half of 2014, 19% higher than at this time last year.
The results were attributed to a net inflow of FuM of £2.44 billion, 23% more than at the same point last year, as well as a 95% retention of existing client funds.
Go deeper with GlobalData
David Bellamy, chief executive, said: "I am very pleased to report another strong performance from St. James’s Place. As I have commented previously, we believe that there is a growing market for trustworthy, personal advice in the UK marketplace and these results once again demonstrate that fact. They also demonstrate that the scale and quality of the company’s relationship based approach to wealth management, twinned with our distinct investment management proposition, which has been positioned to serve this market, is doing so."
St James’s was sold by majority owner Lloyds Banking Group in December for £670 million.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
