St James's Place funds under management hit record £52bn

St James's Place (SJP) saw funds under management hit a new record in the last 12 months, its latest figures show.

The wealth manager saw funds under management climb 17% in the past 12 months to reach £52bn. Meanwhile, total new single investments in the year to 31 December totalled £7.8bn, up 18% from 2013 when they reached £6.6bn. It added client retention remained at 96% and new inflows of funds under management were also up 20% at £5.09bn. New business on an APE basis was up 17% to £895.6m. SJP said partnership numbers were up almost 9% to 2,132 including new partners in Asia. The total number of qualified advisers was up 10.3% to 2,835. Chief executive David Bellamy (pictured) said: ...