Can IFAs and vertically integrated firms co-exist?
More firms favour a restricted advice approach
Sjp
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SJP has no plans to shake up adviser training
But FCA and CII refresher for financial advisers not rejected by the wealth manager
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SW Mitchell profits doubled ahead of losing SJP mandate
Boutique manager replaced on sub-advised funds totalling more than £750m
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Vanguard poaches from SSGA for ETF role
New hire previously worked at SJP
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SJP funds near £100bn as Man Group hit by absolute return
Both St James’s Place and Man Group delivered record flows over the first half of the year but the latter’s funds under management were impacted by weak performance from some of its key absolute return funds.
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SJP drops Aberdeen Standard as ethical manager
St. James’s Place has dropped Aberdeen Standard Investments (ASI) and appointed Impax Asset Management to run its £286m ethical fund after a sustained period of underperformance.
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DFMs shunning digital are dead firms walking
Though it is still early days for the digitalisation of the wealth management industry, some commentators have argued that firms which aren’t investing in tech now may as well shut up shop.
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SJP unlikely to dump the Woodford gravy train
St James’s Place’s partnership with Neil Woodford is unlikely to end any time soon, despite many discretionary fund managers and platforms dropping the star fund manager on underperformance.
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SJP dumps Stuart Mitchell after 11 years
St James’s Place has dumped Stuart Mitchell as manager on two European equity funds, as it announces a raft of changes to its sub-advised funds.
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Ex-SJP trainee adviser banned for faking qualifications
The FCA has slapped a fine and prohibition order on a former St James’s Place trainee financial adviser who repeatedly lied and faked a document in a bid to advise retail investors without gaining the necessary qualifications.
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Weak markets hit SJP funds under management
Weak stock markets have hit St James’s Place (SJP) funds under management, which dropped in the first quarter of 2018.
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SJP and SLA top broker buy lists
St James’s Place and Standard Life Aberdeen have been backed as top buys by several stockbrokers, amid gloomy predictions for the asset management sector generally.