St. James’s Place (SJP), the London-based wealth management group, has recorded funds under management valued at £44.3 billion, a 27% rise from 2012.
In addition, the net inflow of funds under management was £4.3 billion, a 28% increase from the £3.35 billion taken in last year. They also continued strong retention of client funds with 95% retained.
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David Bellamy, chief executive of SJP, which is majority owned by Lloyds Banking Group, said: "I am very pleased to report another record year of new investments which, when combined with the continued high retention of our clients and their funds and positive investment returns, saw our funds under management increase by £9.5 billion in the year to a new record high of £44.3 billion."
He continued: "As I have said previously, there is a reassuring consistency about our business, most clearly demonstrated by the sustained growth in our funds under management over the last five years. Over this period of changing economic and market conditions, funds under management have grown by a compound 22% pa compared to growth in the FTSE 100 of 8.8% pa."
