21st Jan 2016 07:40
LONDON (Alliance News) - St James's Place PLC on Thursday said it had a strong end to 2015, with net inflows of GBP1.63 billion in the fourth quarter helping the British wealth manager to end the year with higher funds under management in the face of market volatility.
Funds under management amounted to GBP58.61 billion at the end of 2015, up from GBP52.01 billion at the end of 2014, as net inflows over the course of 2015 added up to GBP5.78 billion.
"Despite the continued volatility across global stock markets, our business continues to perform strongly," Chief Executive David Bellamy said.
As well as reporting strong inflows of money from clients, St James's Place said partnership numbers rose by 6.2% to 2,264, while adviser numbers were up 9.8% to 3,113, with Bellamy seeing the increase in capacity as a positive indicator of the company's growth prospects.
"2015 has been another strong year for St. James's Place. We've achieved strong growth across all of the key aspects of the business and are well placed for 2016 and beyond," Bellamy said.
By Samuel Agini; [email protected]; @samuelagini
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