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.