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Trading statements

St James's Place reports strong Q1 growth

25 April 2017 07:27

St. James's Place has reported a strong Q1 of growth with the gross inflow of funds under management at £3.23bn, up from £2.45bn.

Net inflow of funds under management was £1.99bn, from £1.36bn. Group funds under management totalled £79.84bn, from £62.02bn.

"Looking ahead, whilst political and macro uncertainties persist, the more immediate concern for many people relates to personal financial matters, particularly in relation to long term savings, protecting and preserving wealth, tax and inter-generational planning," said CEO David Bellamy.

"In this regard, the scale and quality of our relationship-based and advice-led approach to the management of our clients' financial affairs, together with our investment management proposition, means we are increasingly well placed to meet this growing need for trusted advice."

Story provided by StockMarketWire.com

Related Company: STJ

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