SJP reports record Q1 as AUM hits £135bn
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Q1 business update
Andrew Croft: These results demonstrate once again the unerring commitment of the partnership and our entire community to ensuring clients receive the highest quality advice and service.
St James’s Place (SJP) has reported a record first quarter with assets under administration (AUM) reaching £135bn.
St James s Place reports record Q1, net inflow for Asia
International wealth management group St James s Place (SJP) saw record gross inflows of £4.79bn with its Asia business managing to achieve positive net inflows over the first quarter of this year.
The group s overall net inflows were up 22% at £2.9bn compared to Q1 2020 helping total funds under management to rise to £135.46bn, up circa 5% since the beginning of the year, in a update statement issued today (29 April) on new business inflows and funds under management for the three months ended 31 March 2021.
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I m pleased to announce a record quarter for St. James s Place.
29 April 2021 | 07:52am
StockMarketWire.com - Gross inflows into St James s Place reached £4.79 billion for the first quarter of 2021, 19% higher than the same period last year as investor confidence improved and clients returned to longer-term investments.
Net inflows for the period were up 22% at £2.9 billion, representing a 9% of opening funds under management on an annualised basis.
Funds under management currently stand at £135.46 billion, a 5% increase since the beginning of the year.
Andrew Croft, chief executive of St James s Place, said: The moderate growth in new business that we saw in the early weeks of 2021 gathered pace through the quarter as confidence improved and clients sought to commit accumulated savings to longer-term investments.
St James s Place benefits as clients move savings into investment
Thu, 29th Apr 2021 09:50
(Alliance News) - St James s Place PLC said Thursday it enjoyed record business inflows and a positive investment return in the first quarter of 2021, as clients moved the savings they accumulated during lockdown into longer-term investments.
The wealth manager had GBP135.46 billion in funds under management on March 31, up 33% from GBP101.67 billion a year before and up about 5% since the start of 2021.
St James s Place recorded GBP2.90 billion in net inflows during the recent quarter, up 22% from GBP2.37 billion a year before, amid record gross inflows of GBP4.79 billion, up 19% from GBP4.04 billion.