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  1. Wealth
April 28, 2009

St James Place’s inflows continue but more slowly

By Spear's

St James Place reported total new business of £93.8 million for the first quarter, down 5 percent on the previous year, with net fund inflows of £470 million.

St James Place reported total new business of £93.8 million for the first quarter, down 5 percent on the previous year, with net fund inflows of £470 million.

The wealth manager reported total new single investments of £711 million, not far below the £759 million booked in the same quarter of 2008. Pensions new business hit £46.4 million, while unit trust and ISA investments saw inflows of £160.7 million.

Funds under management are now £15.3 billion, down 6 percent for the year to date. The firm said retention of funds under management was retained at 95 percent.

For further details, visit thewealthnet

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