SJP reaches record £71bn FUM

Added 25th October 2016

Shares in St James’s Place jumped 3.3% to 980p during the opening minutes of trading following reports of its healthy year-on-year growth in funds under management.

SJP reaches record £71bn FUM

Total FUM in the nine months to 30 September were 31% higher than the firm’s 2015 figure (£54.5bn) despite the heightened volatility and political uncertainty around Brexit.

The wealth manager withstood the Brexit headwinds better than peer Hargreaves Lansdown, which returned mixed Q3 results earlier this month.

Within the third quarter, which fell between two major political turning points - the EU referendum result and Prime Minister Theresa May’s first intonations of the direction of Brexit negotiations – the business proved resilient, said chief executive David Bellamy. FUM were boosted by new investments totalling £2.8bn. 

SJP’s acquisition of wealth manager Rowan Dartington, completed earlier this year, also added £1.3bn to its total FUM.

“It's been very much business as usual and we've maintained good momentum in the business since the half year,” Bellamy stressed.

During the period, SJP also managed to retain over 95% of its clients and their investments, resulting in net inflows of £1.7bn.  

Because of the wealth manager’s strong third quarter performance, Bellamy remarked he was confident that the firm would meet its final quarter objectives and remain on a smooth pathway to achieve its goals beyond 2016.

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Premier Multi Asset Global Growth - Alex Farlow
Premier Multi Asset Global...

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Kristen McGachey

Senior Reporter

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.

This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.



Investment Strategy




PA Dublin October 2017
PA Dublin October 2017

Tuesday 10 October
Westbury Hotel, Dublin

PA US 2017
PA US 2017

Tuesday 17 October
Furniture Makers' Hall

PA Channel Islands November 2017
PA Channel Islands November 2017

Tuesday 14 November
Royal Yacht Hotel, Jersey

PA Alternative Ucits November 2017
PA Alternative Ucits November 2017

Tuesday 7 November 
Furniture Makers' Hall

Sponsored Content