St James's Place to recruit 100 advisers per year

The wealth manager recorded £700m net inflow of funds under management, bringing the total to £31bn and matiching its 10% annual target. Chief executive David Bellamy (pictured) told IFAonline while current advisers accounted for most of the growth, recruitment was a high priority. "We have a 2% market share, so there is still room for growth," he said. "We aspire to grow the partnership [adviser numbers] between 5% and 7% per annum, so that's putting on close to 100 advisers per year." Central to the firm's growth plans is a private client proposition, due to launch later this yea...