Strong growth continues with net inflows up 42%

St. James’s Place plc (“SJP”), the wealth management group, today issues its update on new business inflows and funds under management for the three months ended 30 September 2017.

Highlights:

  • Gross inflows of funds under management of £3.59 billion (2016: £2.80 billion)
  • Continued strong retention of client funds – 95%
  • Net inflow of funds under management of £2.36 billion (2016: £1.66 billion)
  • Group funds under management of £85.7 billion (2016: £71.4 billion)

David Bellamy, Chief Executive, commented:

“I am pleased to report another consistently strong set of results, with gross inflows 28% higher at £3.6 billion and net inflows some 42% stronger at £2.4 billion, compared with the same period last year. The sustained growth in new investments and continued high retention of clients and their investments, means that year to date net inflows are up 41% at £6.7 billion, compared to the same period last year. Group funds under management of £86 billion are up 14% since the beginning of the year and 20% over the last 12 months.

The globally diverse range of funds and portfolios we offer, continues to serve our clients well. As well as maintaining our current investment offering, we strive continually to offer appropriate breadth of choice and a diversified range of funds to meet their long-term investment objectives. To this end, we recently announced the launch of two new funds, changes to the personnel responsible for some of our existing funds and the introduction of a new Strategic Growth Portfolio. The appointment of Nippon Value Investors, to manage the new Japan fund, takes to 29 the number of managers available exclusively to St. James’s Place clients within the UK retail market.

Looking ahead, whilst political and macro uncertainties persist, we are confident in the scale and quality of our relationship-based approach to the management of our clients’ financial affairs. This, together with the breadth of our investment management proposition, means we are well placed to meet the growing need for trusted advice and our medium term growth objectives.”

Enquiries:

David Bellamy, Chief Executive Officer Tel: 020 7514 1963

Andrew Croft, Chief Financial Officer Tel: 020 7514 1963

Tony Dunk, Investor Relations Director Tel: 020 7514 1963

View the full press release (PDF).