St James's Place benefits as clients move savings into inves

St James's Place benefits as clients move savings into investment


St James's Place benefits as clients move savings into investment
Thu, 29th Apr 2021 09:50
(Alliance News) - St James's Place PLC said Thursday it enjoyed record business inflows and a positive investment return in the first quarter of 2021, as clients moved the savings they accumulated during lockdown into longer-term investments.
The wealth manager had GBP135.46 billion in funds under management on March 31, up 33% from GBP101.67 billion a year before and up about 5% since the start of 2021.
St James's Place recorded GBP2.90 billion in net inflows during the recent quarter, up 22% from GBP2.37 billion a year before, amid record gross inflows of GBP4.79 billion, up 19% from GBP4.04 billion.

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