St James’s Place: Analysts back UK’s largest wealth manager October 18, 2024 By the end of the quarter, funds under management had swelled to £184.4bn, up from £181.9bn the quarter before and also ahead of consensus.
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 [...]
St James’s Place: Most of our funds are failing to deliver value on performance September 27, 2024 In total, 30 of the 39 funds run by St James’s Place were deemed to be lagging in their performance according to the company’s latest Assessment of Value report. Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority, where they must assess their funds on seven different principles with [...]
Lack of financial advice holding back 24.6m people across the UK September 12, 2024 A new report from St. James’s Place has suggested as many as 24.6m people in the UK are missing major life goals due to a lack of financial advice. The figures, from one of the UK’s largest wealth managers and advice providers, were published as the first part of a survey of just under 12,000 [...]
The Capitalist: City boys fight for £1k Oasis tickets as corporate demand explodes August 29, 2024 Oasis tickets look set to be the hottest corporate perk next year, with firms already splashing out for packages, The Capitalist has learned.
St James’s Place: How high fees hide the wealth manager’s real performance August 28, 2024 Investors who want to know how a St James’s Place fund compares to any other vehicle in the market have a problem: they just can’t do that. Traditionally, funds can be compared by taking into account the performance of their assets, minus the fees on the fund, and comparing that with other funds in their [...]
St James’s Place: UK’s largest wealth manager kicks off share buyback August 27, 2024 St James’s Place has kicked off a fresh share buyback programme as the UK's largest wealth manager looks to bounce back from a tough year.
Terry Smith’s Fundsmith Equity escapes the doghouse, but £54bn still stuck in underperforming funds August 16, 2024 As many as 137 equity investment funds in the UK have been condemned to the ‘doghouse’ after consistently underperforming their market benchmark over the last three years. The report from Bestinvest, which identified the funds in the ‘doghouse’ due to persistent underperformance, found £53.4bn of investor cash stuck in funds that have consistently underperformed the [...]
St James’s Place takes on Vanguard, but charges 350 per cent more August 13, 2024 St James’s Place is no stranger to high fees. Britain’s largest wealth manager has been pilloried for its high costs, from its controversial exit fee (now being phased out) to the high fees on its pension funds. Now, St James’s Place has earned a new accolade and a new issue with fees. The group’s Polaris [...]
I thought you were dead: St James’s Place shocks analysts July 30, 2024 A scandal forced St James's Place to set aside a staggering £426m to pay out refunds to customers, leading many analysts to question whether the firm could survive the crisis. But today that narrative completely flipped.