St. James’s Place (SJP), the UK independent wealth manager, has recorded an exceptional 96% in its clients’ assets retention in 2014.
In its latest financial results, the British wealth manager reported a staggering 17% jump in its asset under management (AuM) from £44bn in 2013 to a record £52bn in 2014.
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Net new money (NNM) rose by a fifth last year to £5.1bn and the wealth manager attracted more than 50,000 new clients.
David Bellamy, chief executive of SJP, said: "Our record on retention underpins our belief that, as well as the positive investment returns and the individual advice they can rely on, clients value the human relationship and highly personal interaction that our proposition delivers."
The rise in AuM was mainly driven by net inflows and an increase in the number of advisers, as the British wealth manager hired more than 2,835 advisers during the year.
SJP said despite market uncertainty, it was confident about growth opportunities in 2015 given business momentum and increasing need for financial advice.
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