29th Oct 2026 11:51
St James's Place PLC - Cirencester, Gloucestershire-based wealth manager - Suffers sharp decline in third-quarter net inflows, though funds under management still reach a record high. Net inflows fall by two thirds to GBP570 million in the three months to September 30 from GBP1.76 billion a year earlier, while gross inflows decline to GBP5.15 billion from GBP5.70 billion. However, closing funds under management rise 14% to a record GBP242.44 billion from GBP212.36 billion, supported by positive investment returns and continued net inflows. The annualised year-to-date client retention rate remains broadly stable at 95.1%, compared with 95.2% a year earlier, while annualised net inflows as a proportion of opening funds under management decline to 2.0% from 3.9%. Read More