Fourth quarter new business announcement

FUNDS UNDER MANAGEMENT INCREASE TO A RECORD £52 BILLION

St. James’s Place plc (“SJP”), the wealth management group, today issues its new business update for the twelve months ended 31 December 2014.

Highlights:

• Total new single investments of £7.8 billion (2013: £6.6 billion) – up 18%
• Retention of clients existing funds under management at 96%
• Net inflow of funds under management of £5.09 billion (2013: £4.23 billion) – up 20%
• Funds under management of £52 billion (2013: £44.3 billion) – up 17%
• SJP new business on an APE basis of £895.6 million (2013: £762.9 million) – up 17%
• Partnership numbers up 8.9% to 2,132 (including new Partners in Asia)
• Total number of qualified advisers up 10.3% to 2,835

David Bellamy, Chief Executive, commented:

“I am delighted to report another record year of new investments. These results, together with the continued strong retention of our client funds and positive investment returns, saw our funds under management increase by £7.7 billion to a record £52 billion.

We attracted over 50,000 new clients in the year and our record on retention underpins our belief that, as well as the positive investment returns and the individual advice they can rely on, clients value the human relationship and highly personal interaction that our proposition delivers. This is evidenced by the consistency of our growth in recent years with funds under management growing by a compound 19% pa for both the last 5 year and 10 year periods.

I’m also pleased to report that through the continued acquisition of established advisers, the integration of our acquisition in Asia and Academy students graduating in the year, we start 2015 with 10% more qualified advisers in the St. James’s Place Partnership, which bodes well for the future.

Despite the uncertainty that markets face in 2015, the momentum of our business, coupled with the increasing need for professional financial advice, reinforces our confidence in the future growth opportunities.”

Enquiries:

View the full press release (PDF) to find out more.