St James’s Place (SJP) has today set out a new ambition of managing more than £200 billion in client assets within five years.

In its full-year results the UK’s largest wealth manager said it was aiming for growth in new business of around 10 percent per annum which, with modest help from investment markets and continued high retention rates, would see funds under management grow to £200 billion by the end of 2025.

“Growth on this scale will require co...