SJP chalked up sales of £212.6m during the third quarter, an 18% increase on the same period last year and bringing total new business for the nine months until 30 September to £660.5m. Funds under management increased over the quarter by 17% to £49.1bn.
Chief executive David Bellamy said the growth in new business has been anchored by a 50% increase in new ISA investments, with clients choosing to capitalise on the increased ISA limits introduced on 1 July.
Net inflows of funds under management also saw a jump of £1.3bn over the quarter, bringing net inflows up to £3.7bn over nine months. SJP said new single investments increased by £1.8bn (19%), and now stand at £5.8bn.
The wealth management group also said it retained 95% of its clients' funds under management.
"Strong momentum"
Bellamy said: "I am very pleased to report that the strong momentum in our business continued into the third quarter.
“These results once again demonstrate the resilience of the business as a result of the outstanding job that our partners do in managing our clients' financial affairs, both when the markets are positive and when they are less so.
“With the increasing freedoms and responsibility individuals have for their own affairs, both leading up to and through retirement, the need for reliable and expert advice has never been more obvious,” he said.
“Consequently, I am confident that we remain well positioned for continued growth in line with our medium term objectives."
SJP’s acquisition of The Henley Group, which will give British expatriate’s living in Asia access to the company’s services, was completed in June.
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