St James’s Place saw profits dip in 2019, as inflows into the business failed to keep pace with its investment in itself, chief executive Andrew Croft said.
SJP posted a pre-tax profit of £187.1 million for the full-year 2019, down 11.7 percent on 2018.
Gross inflows were £15.1 billion (2018: £15.7 billion) while net inflows were down 12.6 percent to £9 billion. SJP’s 4,271 “partner advisers” advised on £117 billion of client assets at 31 December.
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