St James’s Place: Assets slump as firm gears up for fee changes Investing St James’s Place lost £3.3bn from weakening markets in the first quarter of 2025, despite investors continuing to pile cash into the wealth manager. The UK’s largest wealth manager reported that its assets under management fell during the quarter for the first time in years, as turmoil in the stock market impacted investments, according to [...]
St James’s Place: Stock price jumps after new money surge Investing St James’s Place brought in £4.3bn in new money throughout 2024, bringing its total assets under management to a record £190.2bn. Britain’s largest wealth manager attracted £1.5bn of new money over the last quarter of the year, it said in a trading update, 70 per cent ahead of expectations. The firm’s pension arm brought in [...]
St James’s Place readies redundancies in cost-cutting push Investing St James’s Place is set to make around 500 redundancies next year as part of its sweeping cost-cutting plan, according to reports. Around a sixth of the wealth manager’s non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed. Over the summer, St James’s Place revealed it [...]
St James’s Place: More inflows for UK’s biggest wealth manager October 17, 2024 St James’s Place recorded net inflows of £890m over the three months to 30 September, continuing the strong pace of inflows that Britain’s biggest wealth manager has enjoyed over 2024. The company’s retention rate stayed at 94.6 per cent, though the wealth manager has yet to finish axing its controversial exit fees. Gross inflows were [...]
City row erupts against proxy advisers over executive pay June 10, 2024 Proxy voting advisers, which recommend how shareholders vote at company meetings, have often blocked votes to hike executive pay