St James's Place sees FUM jump 13% on record 2015 inflows

Boosted by purchase of Rowan Dartington

St James's Place saw funds under management jump 13% in 2015 to reach £58.6bn, as a strong final quarter led to "record" fund inflows for the year.

Gross fund inflows rose 20% to £2.5bn in Q4, taking the total for the year to £9.2bn, up 17% from £7.9bn posted in 2014. Meanwhile, net inflow of funds was up 17% in the quarter to £1.6bn, and up 14% for the year to £5.8bn, up from £5.1bn in 2014. The wealth management group's continued growth in Asia and the expansion of its academy programme led partnership numbers to rise 6.2% over Q4, while total adviser numbers increased by 9.8% to 3,113. The group's performance for the year was also boosted by its £34m purchase of Rowan Dartington in July, bringing the two groups combined fun...