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

Content from our partners
How Guernsey’s private trustee structures can protect assets 
Luštica Bay: The Adriatic's most coveted address
AI, growth and public policy: What is the future for Britain?

Websites in our network