St James’s Place hikes its dividend

UPMARKET wealth manager St James’s Place yesterday hiked its dividend by a third and said it would target a similar rise next year.

Chief executive David Bellamy told City A.M. that he was confident his business could continue to grow: “It would be too complacent to say things can only get better. But as long as we pay attention to our clients then there’s a strong place for us to deal with people who have neither the time nor inclination to manage their own money.”

He also said the firm could look to expand overseas in a few years’ time.

Pre-tax profit on an IFRS basis, rose 23 per cent last year to £134.6m. Net inflows hit £3.35bn.