St James's Place (SJP) has seen nearly £2bn of inflows in the three months to 31 March, 46% higher than for the same period last year.
In its results for the three months to 31 March, the wealth manager said group funds under management (FUM) has risen to £79.8bn, up from £62bn a year ago. Meanwhile, net inflows amounted to £2bn, up from £1.4bn a year ago, marking a 46% increase. However, the firm's investment arm only accounted for £170m of net sales, with the remainder made up of £1.02bn from the sale of pensions products and £800m from its unit trust, ISA and DFM businesses. SJP CEO Bellamy to step down after 11 years In addition, there is a further £526m of funds under management in third party funds within...
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