SJP adds Comgest duo to underperforming Japan fund
Richard Kaye and Chantana Ward will co-manage SJP Japan with Nippon Value Investors
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SJP performance tainted by 33% FSCS levy hike as assets close in on £130bn
Wealth manager’s £36.7m levy was a ‘real concern and source of frustration’
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Merian acquisition sends Jupiter to the dog house with £4.1bn of underperforming funds
Tight race for runner up in Bestinvest’s Spot the Dog report with SJP and Schroders also sporting £4bn of dog funds
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M&G Wealth takes a page from SJP by launching adviser academy
Comes after SJP announced it had slowed the intake of new academy students last year
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SJP assets reach £129bn despite weaker inflows
Firm paused academy intake in 2020 due to the challenging environment for advice firms
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SJP makes ‘tough decision’ to axe 200 jobs
Redundancies are not linked to shareholder activist excoriating wealth manager’s ‘high cost culture’
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SJP veteran Chris Ralph exits after 11 years
Former CIO will remain at the wealth manager in a non-executive capacity
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SJP announces Threadneedle founder as next chairman
Paul Manduca is currently chairman of Prudential and Templeton Emerging Markets Investment Trust
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Activist investor praises SJP for co-operating over costs and profitability concerns
Primestone Capital had accused wealth manager in October of fostering a ‘high cost culture’
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How has the Covid crisis impacted recruitment at DFMs?
AJ Bell goes on a hiring spree while established players SJP and Quilter have been more cautious
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Ewan Dowes: From rugby league star to SJP financial adviser
‘Not in a million years did I consider financial advice when I was playing professionally’
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SJP finds defenders as it stands accused of letting shareholders down
But commentators admit arguments against wealth manager’s high cost base have merit