SJP reaches record £71bn funds under management
St James’s Place has reached a record £71bn ($86bn, €76bn) in funds under management after a bumper year helped by the acquisition of UK wealth manager Rowan Dartington.
St James’s Place
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Sanlam merges wealth arms, courts advisers in SJP challenge
Sanlam UK is to set up a new division encompassing its discretionary fund management and financial advice divisions and launch a partnership initiative for advice firms to join the group in a move that challenges St James’s Place’s existing model.
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SJP’s Ralph on acquisitions, opportunities and vertical challenges
Fresh from an acquisition spree in the UK, wealth manager St James’s Place is taking its pioneering business model east in its next phase of growth.
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M&G and Aberdeen still in the doghouse
Tilney Bestinvest’s “Spot the Dog” report names M&G Investments as the firm with the highest number of assets in underperforming funds and Aberdeen Asset Management as the fund house with the most ‘dog funds’.
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SJP saw record gross inflows in Q1
St. James’s Place reported a record £1bn of gross inflows in March, increasing the group’s funds under management to £62bn.
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Offshore bond uplift after new LTA cap is wishful thinking
Providers expecting the reduced lifetime allowance (LTA) to spur offshore bond sales to UK residents are guilty of “wishful thinking” according to a number of distributors, who are failing to see any increase in appetite.
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Five retirement planning fundamentals
With the tempo of pension reforms unlikely to slow, there are sure to be new pitfalls to avoid. But according to St James’s Place there are five retirement planning fundamentals that will remain. Use the arrows on the images below to find out what they are.
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SJP to open new office in Canary Wharf
Announcing strong results for the full year, St James’s Place said it is planning a new office in Canary Wharf, following the completion of the Rowan Dartington acquisition.
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Investment Association closes regulatory unit as SJP quits
The UK’s Investment Association has broken up its regulatory affairs unit and announced the departure of its head, Richard Metcalfe, as another member confirmed it also planned to leave.
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Lessons learnt from int’l expansion says St James’s Place
St James’s Place has faced many challenges in new international territories which have provided the blueprint for further overseas expansion, says its commercial director Iain Rayner.
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St James’s Place boosts number of advisers in Asia, eyes UAE
St James’s Place Asia, the re-branded The Henley Group, has seen 40% growth in the number of partners and advisers based at its three offices in the region.
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Sesame tops FOS list for most complained about adviser
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.