St. James’s Place Continues Impressive Growth Passing £100b in Client Funds under Management

Published on 2018-10-23

On 23rd October 2018, St. James’s Place released its Q3 update on the FTSE passing the £100bn under management for the first time. This year's main highlights include:

  • Gross inflow of funds of £11.75 billion (2017: £10.46 billion), up 12%.
  • Continued strong retention of client funds – 96%.
  • Net inflow of funds of £7.68 billion (2017: £6.66 billion), up 15%.
  • Group funds under management – £100.6 billion (2017: £85.7 billion), up 11% since the beginning of the year and 17% over the twelve months.

Andrew Croft, Chief Executive, commented:

"Building on the exceptional growth we achieved over the last two years, I am pleased to report continued growth in the third quarter. Gross flows, at £3.83 billion, were 7% higher than the prior year comparator, which itself was up 28%. This takes the year to date gross flows to £11.75 billion, growth of 12%. With continued strong retention, net flows for the nine months were up 15% to £7.68 billion, taking funds under management to a record £100.6 billion, up 11% since the start of the year and 17% over the twelve months.

There remains growing demand for high-quality financial advice, notwithstanding the current macro and geo-political uncertainty. With the strength and professionalism of the Partnership, together with the breadth of our client proposition, we have a major and sustainable competitive advantage. Consequently, we remain confident in our ability to grow our business in line with our stated objectives over the medium-term.”

Who is St. James’s Place Wealth Management?

St. James’s Place is one of the largest wealth management companies serving the expatriate community living and/or working in Asia. We have many years of experience and have offices in Hong Kong, China (Shanghai, Shenzhen and Beijing) and Singapore. Specifically, we assist expatriates living in China with professional and bespoke wealth management services through our experienced and dedicated advisers.