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.
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.
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.
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.
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.
Rowan Dartington’s acquisition by UK wealth manager St James’s Place for £34m in cash will boost the appeal of its platform, Ardan International, to financial advisers and help expand its business in Asia, the company’s chairman said.
Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models.
St. James’s Place Wealth Management is to launch a new banking service using Metro Bank as its platform.
St James’s Place (SJP) International, part of the FTSE-100 listed SJP Wealth Management Group, has been granted a life insurance licence in Singapore.
St Jamess Place saw its funds under management read record highs last year, driven in part by its acquisition of The Henley Group.
New business at St James’s Place increased by almost 20% over the third quarter, bringing the wealth manager within sight of £50bn in funds under management.
St James’s Place’s acquisition of The Henley Group in Asia earlier this year marked a significant step for the formerly UK-centric wealth manager.
FTSE 100-listed wealth manager St Jamess Place (SJP) has given its clearest indication yet that it has plans to open an office in the United Arab Emirates (UAE).