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.
Weak stock markets have hit St James’s Place (SJP) funds under management, which dropped in the first quarter of 2018.
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.
St James’s Place (SJP) sees the complexities facing UK savers as an opportunity, its annual results reveal, as its net inflows increased 40% in 2017.
One of the founders of St James’s Place, Mike Wilson, has died at the age of 74 following a battle with cancer.
Wealth manager St. James’s Place (SJP) has announced it is making changes to its Balanced Managed unit trust, effective later this year.
St James’s Place’s market dominance showed no signs of letting up, as it grew funds under management (FUM) by 20% to £90.7bn in 2017. Meanwhile, Brewin Dolphin reported “positive momentum” in the first quarter.
St James’s Place (SJP) chief executive David Bellamy has been appointed as chairman of Weatherbys Bank.
Continuing to provide defined benefit pension transfer advice to members of the British Steel Pension Scheme (BSPS) could put St James’s Place “outside its risk appetite”, the firm said.
St James’s Place has brought in managers from Schroders and Select Equity Group to run funds amid a raft of changes to its investment offering coming into force in November.
St James’s Place confirmed it is preparing to launch two funds this November, as it reported net inflows totalled more than £2bn in the third quarter.
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 from eight clients over a period of three years.
A report by Bestinvest has named and shamed Aberdeen Asset Management and St James’s Place for running some of the worst-performing equity ‘dog’ funds.