St James’s Place net inflows halve as Jefferies lists stock as ‘buy’
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030
Special dividends fell by more than three quarters in 2023, but bank payouts ‘more than offset cuts’
While the firm is planning a round of redundancies, according to reports
£150m of costs will be cut across the business over two years
Agreement was first announced in September last year
Total customers rose 12% in the year to reach 484,000
BM Investment Solutions offering for advisers contributed to 7.3% rise
Market and investment performance added £4.9bn to funds under management and advice in Q4
The firm’s UK retail funds and model portfolio service was hardest hit, having suffered a net outflow of £1.4bn
Finsbury Growth and Income underperformed for the third year running
AI could make half of all business models redundant within 10 years
Smith ‘suspending judgement’ on who eventual winners of the trend might be