The UK-based wealth management group reported gross inflows for the final quarter of 2017 exceeded £4bn, taking full year inflows to £14.6bn, a rise of 29%.
Headcount at the firm increased 7%, year-on-year, to 3,331.
Record year
Andrew Croft, SJP chief executive, said retention of client funds provided for net inflows of more than £2.8bn in the quarter and £9.5bn for the 12 months ending 31 December 2017, an increase of 40%.
This result, combined with positive investment returns, increased funds under management by £15.4bn to £90.7bn, up 20%.
SJP’s discretionary fund manager Rowan Dartington saw gross annual inflows of £420m and outflows of £160m.
“We continue to see a growing demand for advice and it is therefore also pleasing to report a 7% increase in the number of qualified advisers across our partner businesses,” Croft said.
International breakdown
SJP has offices in the UK, Hong Kong, Singapore and China. The results report does not provide a geographical breakdown of results.
In February 2017, SJP’s Asia-based businesses reported a £13.2m loss in 2016. The release of the report coincided with the now-former chief executive announcing he would be stepping down from the role.
