St James’s Place dumps Pimco as fund manager September 29, 2014 Wealth manager St James’s Place (SJP) dealt another blow to under-siege US asset manager Pimco yesterday by firing it as manager of its £944m investment fund. The financial adviser, listed on the FTSE 100, will ditch the group from the SJP multi-asset fund and appoint a trio of rival firms on 10 November. Henley-on-Thames based [...]
St James’s Place funds under management soar to hit record July 29, 2014 Wealth Management firm St James’s Place (SJP) saw its funds under management for the first half of 2014 soar to a record £47.6bn, up 19 per cent on £39.9bn in 2013. The FTSE 100 firm was boosted by net inflow up 23 per cent to £2.44bn and a 95 per cent retention rate of existing [...]
St James’s Place lures £1.2bn on improving customer sentiment April 29, 2014 FTSE 100 wealth manager St James’s Place yesterday said the improved outlook of investors helped it deliver a strong start to the year, as customers gave the company £1.2bn more of their savings to manage. The wealth manager, which offers services for affluent savers, reported a 17 per cent rise in assets under management versus [...]
Tate & Lyle could exit FTSE 100 to make way for St James’s Place March 3, 2014 TATE & Lyle, one of the original components of the FT 30, is on the verge of being demoted from the FTSE 100 as part of its quarterly reshuffle of the index, the London Stock Exchange (LSE) said yesterday. The food ingredients company will learn its fate tomorrow night when the exchange reveals the firms [...]
St James’s Place eyes up Asian business as profits jump February 25, 2014 Wealth management group St James’s Place has announced a 42 per cent increase in profit before shareholder tax to £190.7m in 2013. The FTSE 250 firm saw total new single investment rise 22 per cent to £7.2bn, with funds under management up 27 per cent to £44.3bn. It said its full-year dividend increased 50 per [...]
St James’s Place prospers but warns on DIY fund confusion January 23, 2014 THE CHIEF executive of wealth manager St James’s Place yesterday said the escalating price war between fund platforms risked making investing more difficult for savers. Boss David Bellamy said new charging structures used by fund supermarkets made it harder for DIY investors to understand how much they were paying. “What I think is unfortunate is [...]
