Complex savings environment bolsters SJP’s flows to £9.5bn
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.
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St James’s Place co-founder dies
One of the founders of St James’s Place, Mike Wilson, has died at the age of 74 following a battle with cancer.
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SJP appoints GMO as co-manager
Wealth manager St. James’s Place (SJP) has announced it is making changes to its Balanced Managed unit trust, effective later this year.
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SJP’s FUM soars to £90.7bn as Brewin’s hits £42bn
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.
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SJP chief joins Weatherbys
St James’s Place (SJP) chief executive David Bellamy has been appointed as chairman of Weatherbys Bank.
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Advising British Steel pension transfers too risky, says SJP
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.
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SJP freshens up investment approach
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.
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SJP unveils Japan fund; sees 42% surge in inflows
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.
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Ex-SJP adviser jailed for gambling away £850k of client money
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.
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Aberdeen and SJP ‘worst of the worst’ funds in Bestinvest report
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.
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SJP posts record FUM; launches global growth fund
St James’s Place’s funds under management have smashed £83bn and it is to launch a growth fund, another sign that it will take more than negative headlines to dent its market share.
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PA ANALYSIS: St James’s Place – is the criticism valid?
As St James’s Place Wealth suffers another week of grim headlines about its charges and advice model, is now the time for rival IFAs and restricted advisers to win business and clients off what is arguably the market leader?