26th May 2021 09:19
(Alliance News) - St James's Place PLC on Wednesday said its promising start to 2021 has continued so far in the second quarter.
The wealth manager said it expects gross inflows for the five months ending May to be 23% higher year-on-year.
"We are encouraged that the strong new business activity we experienced in March has continued into the second quarter. The combination of improving client confidence and the high level of accumulated savings, has driven strong engagement between our advisers and their clients," the company explained.
"While there remains uncertainty ahead given the ongoing pandemic, we are confident of another good year for St James's Place."
St James's Place is hosting a virtual capital markets day on Wednesday.
Shares in the company were 0.4% higher at 1,380.01 pence each in London on Wednesday morning.
By Eric Cunha; [email protected]
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