2020 trading update round-up: SJP inflows hit £2.3bn in Q4; Gresham House AUM jumps 42% in 2020

Resilience despite Covid-19 crisis

The last quarter of 2020 continued to be challenging as the coronavirus crisis showed no signs of abating, while the threat of a no-deal Brexit rocked the UK market, but many of the firms in the industry proved resilient despite this backdrop.

St James's Place St James's Place Wealth Management has reported £2.3bn of net inflows during the last quarter of an 'extraordinary' 2020, which helped its funds under management soar to a fresh record high. At the end of December, FUM stood at £129.3bn, an 11% increase over the 12-month period and a fresh record for the business. Total net inflows during the year amounted to £8.3bn, representing 7.1% of opening FUM, though this was lower than the previous year, when net inflows amounted to 9.4% of FUM. Commenting on the impact of the pandemic on the business, CEO Andrew Croft sa...