The figures on this page reflect St. James’s Place Full Year Results for the year ended 31 December 2024.
Operating highlights
Financial highlights
Shareholder returns
As announced in February 2024, the Board expects that annual shareholder returns will be set at 50% of the full year Underlying cash result for 2024, 2025 and 2026. This will comprise 18.00 pence per share in annual dividends declared with the balance returned through share buy-backs. The Board intends to reassess its approach to shareholder distributions for 2027 and beyond at the appropriate time.
Following the payment of a 6.00 pence per share interim dividend and a £32.9 million share buy-back programme in September 2024, the Board have declared a 12.00 pence per share final dividend, subject to shareholder approval at the AGM, and a £92.6 million final share buy-back programme for 2024. This will bring the total shareholder returns to £223.6 million for the year, equivalent to 50% of the Underlying cash result.
Other highlights
- We now have over 1 million clients
- Investment returns, net of all charges, represented 10.5% of opening funds under management
- Good progress made across each of our key programmes of work, in line with our plans and financial guidance
Mark FitzPatrick, Chief Executive Officer
“I am pleased to report a strong financial performance for the Group, once again demonstrating the power and quality of our advice-led model, and the value that more than one million clients place in the trusted relationships they enjoy with our advisers. Momentum in the business built as the year unfolded, with sustained net inflows and strong investment returns leading to record funds under management of £190.2 billion. This underpinned an Underlying cash result of £447.2 million, an improvement of 14% on 2023 despite the short-term costs incurred during 2024 as we progress with the implementation of our simple, comparable charging structure.
2024 was a busy year for SJP. We announced our redefined purpose and refreshed strategy, which position us for further success. We ran our first ever national brand campaign, and explored the power of financial advice through our Real Life Advice research series and our client stories.
Our Polaris funds continued to be hugely popular, growing to become the UK’s largest multi-asset fund range less than two years after they were launched. We also made good progress on each of our key programmes of work, in line with our plans and the financial guidance we have previously given.
As we look forward, the work we are doing to enhance our business by strengthening our core and building on our key strengths will ensure we continue to capture the compelling market opportunity in UK wealth management. The demand, and need, for financial advice is high, driven by systemic factors which means this isn’t going away. We are passionate about helping more people to secure their financial futures through the power of advice, we are leveraging our scale advantage, and we are seeking to deliver better outcomes for all our stakeholders.”
Director - Investor Relations
Hugh Taylor
Tel: 07818 075143
Director - External Communications
Angela Warburton
Tel: 07912 281502
Please note that this presentation was aimed at Analysts and Professional Investors only.
Where information on fund performance has been referred to, please note that past performance is not indicative of future performance. The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
