Baroness Helena Morrissey quits St James’s Place to become AJ Bell chair March 16, 2021 Baroness Helena Morrissey has stood down from her role on St James’s Place’s board to become chair of investment platform AJ Bell. Baroness Morrissey will succeed Les Platts as AJ Bell’s chair at the company’s next annual meeting in January 2022. In the meantime, she join the board as chair designate in July 2021. Baroness [...]
St James’s Place net inflows slow amid ‘challenging’ environment October 27, 2020 Wealth manager St James’s Place (STJ) has recorded a rise in funds under management even as the pace of inflows slowed in the third quarter. As at 30 September, total funds under management increased to £118.7bn compared with £112.82bn in 2019. St James’s Place reported net inflows of £1.33bn in three months ended 30 September, [...]
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 [...]