St James's Place (SJP) saw its total assets under management (AUM) grow by 20% to £90.7bn over the course of 2017 as net inflows to its funds grew by 40%, drawing in £9.5bn overall.
SJP's AUM grew from £85.7bn at the beginning of Q4, primarily as a result of £2.2bn of net investment returns over the previous three months amid net inflows of £2.9bn. The strongest inflows throughout 2017 were seen in SJP's pension business, which brought in £7.3bn, followed by its DFM unit, which saw inflows of £4.9bn. Over the course of 2017, the firm witnessed £6.2bn in net investment returns as gross inflows reached £14.6bn following a "record year" for the firm with a client retention rate of 96%. according to CEO Andrew Croft. Croft said: "At the heart of this sustained...
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