thewealthnet

FUM and inflows fall at SJP

News Team, 20/10/2022

St James’s Place (SJP) has reported gross inflows of £4.05 billion in Q3 2022 compared with £4.32 billion the year before.

This is a 6.25 percent decrease year-on-year.

Andrew Croft, SJP’s chief executive, said this is “only modestly lower versus a record comparative period in 2021.”

He described the firm's retention as “strong”, with net inflows of £2.19 billion. This is a 15.44 percent drop from the £2.59 billion reported a year earlier.

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