St James's Place third-quarter net inflows up 17%
Wealth manager St James’s Place posted a 17% rise in third-quarter net inflows to a record £1.48bn, taking funds under management to £54.5bn.
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FTSE 350
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FTSE All-Share
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Life Insurance
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1.54%
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St James's Place
811.50p
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0.56%
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Over the nine months to 30 September, net inflows were up 12% to £4.15bn.
The company said retention of clients remained strong, at around 95%.
Chief executive David Bellamy said: “Despite the volatility across global stock markets during the third quarter of 2015, our business sustained strong growth momentum. New investments were 20% higher at a record £2.32bn which, together with the continued high retention of clients and their investments, resulted in record net inflows.”