St James’s Place posts rise in net inflows despite Covid-19 hit May 27, 2020 St James’s Place today reported a modest rise in net inflows in April but said the coronavirus crisis had continued to dampen new investments. The wealth manager posted net inflows of 810m last month, up from 800m in the same period last year. The modest rise combined with positive investment return led to funds under [...]
St James’s Place overhauls pay and perks after scrutiny February 2, 2020 St James’s Place is set to overhaul its pay and perks programmes following intense scrutiny of the incentives offered to partners, including cruises and white-gold cufflinks. Bosses at Britain’s largest wealth manager have told staff the changes will reward “the right behaviours” and go beyond recognising sales made in a single year, according to the [...]
St James’s Place City of London office on sale for £76m November 18, 2019 The owner of the St James’s Place office in the City of London has put the building up for sale for £76.1m. McKay Securities, a real estate investment trust focused on office and industrial property in London and the south east, is looking for buyers for 30 Lombard Street, which is completely let to the [...]
St James’s Place partners threaten rebellion over cancelled cruises October 13, 2019 Partners at wealth manager St James’s Place (SJP) have threatened to stop selling investments for the rest of the year unless they are offered compensation for the loss of their annual cruise holiday. Chief executive Andrew Croft promised to make changes to the lavish incentive scheme offered to SJP partners – which offered rewards ranging [...]
Budget 2015: Personal finance groups including Hargreaves Lansdown, St James’ Place and Rathbone’s share price boosted by “saving revolution” Budget March 18, 2015 Personal finance groups were treated to a share price boost this afternoon, after George Osborne unveiled “a saving revolution”. Bristol-based IFA Hargreaves Lansdown led the pack, up 4.8 per cent at pixel time. St James' Place also jumped on the announcements, up 3.5 per cent. Rathbone Brothers's share price was up two per cent, while [...]
St James’s Place share price rises as it announces Metro Bank tie-up February 25, 2015 Another sign of how seriously the financial establishment is taking challenger banks? Wealth manager St James's Place has announced a tie-up with Metro Bank, the quirky high street banking chain best known for offering free dog biscuits in its branches. The two will offer a money management account which is "fully branded St James's Place, [...]
St James’s Place fund hits asset record January 22, 2015 WEALTH manager St James’s Place took assets under management to a record £52bn at the end of last year, aided by a shift in saving allowances and broader pension changes. The FTSE 100 firm attracted £1.4bn more from customers in the three months ending December, slightly ahead of analyst estimates. Changes to ISA allowances – [...]
St James’s Place boss David Bellamy: Slow and steady wins the race October 30, 2014 St James’s Place may hold the accolade as the second youngest business on the FTSE 100, but its tender years belie a growing sense of maturity for the firm. Its pool of assets now stands near the £50bn mark, it joined the ranks of the 100 biggest UK companies in March and has an increasingly [...]
FTSE gets a lift after St James’s reports results – London Report October 30, 2014 BRITAIN’S top equity index yesterday staged a late rally to recover from losses earlier in the day, with wealth management group St James’s Place outperforming after strong results. The blue-chip FTSE 100 index had been in negative territory for much of the day. The late recovery enabled the FTSE to close up by 0.2 per [...]
St James’s Place dumps Pimco as fund manager September 29, 2014 Wealth manager St James’s Place (SJP) dealt another blow to under-siege US asset manager Pimco yesterday by firing it as manager of its £944m investment fund. The financial adviser, listed on the FTSE 100, will ditch the group from the SJP multi-asset fund and appoint a trio of rival firms on 10 November. Henley-on-Thames based [...]