Advice giant St James’s Place (SJP) has defended its charges in a client newsletter by referring to research conducted by stockbroker Numis that said its prices were "about mid-range" when compared to other investments.
In a copy of the newsletter sent to Professional Adviser, the firm highlighted Numis's research report published in June, which suggested SJP prices were not as expensive as some of its competitors. SJP noted the research was independent of its input and found SJP's customer charges per annum, all-inclusive and annualised were comparable on a like-for-like basis to a "typical IFA". SJP acquires independent Scottish adviser firm "We calculate that St James's Place charges are about mid-range, when compared to other alternative investment choices a customer could make," the research...
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