SJP assets reach £62bn on record inflows

Bellamy-David-2012-700x450.jpgSt James’s Place saw record monthly inflows of £1bn in March, taking net inflows up slightly to £1.36bn.

The wealth manager saw group assets under management rise from £55.8bn last year to £62bn in the three months to the end of March, in its results released today.

SJP saw record monthly inflows of £1bn in March, taking total gross inflows for the three months to £2.45bn, a rise of 16 per cent on the same quarter last year.

“Against a backdrop of continued uncertainty across global stock markets, our business is performing strongly,” says chief executive David Bellamy.

SJP also revealed it has acquired Technical Connection, which provides tax planning, technical and financial planning support to advisers and financial services firms.

“We remain focused on achieving the best possible outcomes for our clients, through the provision of sound personal financial advice. The acquisition of Technical Connection with their specialist technical support services, together with the new St James’s Place intergenerational mortgage suite, adds to the resources and services that our Partners and clients can draw upon to achieve that,” Bellamy adds.