SJP assets jump to record high of £27 billion

St James’s Place (SJP) has seen its funds under management jump by £5.6 billion in 2010 to reach a record high of £27 billion.

The wealth manager has also reported a 32% rise in total new business on an annual premium equivalent basis in 2010.

Total new business for 2010 stood at £581.8m, up from the £440.8m in 2009. Total single investments also rose by 37% from £3.4 billion to £4.75 billion. The group says manufactured business accounted for 91% of new business. (article continues below)

Net inflows of funds under management rose 30% to £3 billion in 2010, up from £2.3 billion in 2009. SJP says its partnership numbers rose 6% in 2010 to stand at 1,552.