Home Business News Wealth manager St James’s Place reports strong third-quarter funds

Wealth manager St James’s Place reports strong third-quarter funds

by LLB Reporter
23rd Oct 18 9:29 am

UK’s largest wealth manager St James’s Place today reported a 4.1 per cent rise in quarterly funds under management, boosted by net inflows of client cash and market gains.

Total funds under management rose to £100.6bn, buoyed by net inflows of £2.5bn and investment gains of £1.5bn, although growth in gross flows into its investment and tax-free savings products slowed from the prior quarter.

Chief executive Andrew Croft said: “There remains growing demand for high-quality financial advice, notwithstanding the current macro and geo-political uncertainty.”

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