St James’s Place (SJP) has reported net inflows more than doubling to £1.69bn for the quarter (Q1 2024: £0.71bn).
Gross inflows rose 29% to £5.14bn in the first quarter (£3.97bn), which SJP attributed to the “trusted relationships” its advisers had built with clients.
Assets under management was £188.6bn in the first quarter of 2025, a dip due to the “decline in global markets” during this period.
Mark FitzPatrick, CEO of St James’s Place, said: “We are pleased to have built momentum in new business in recent quarters, and we have continued to see good levels of client engagement and activity so far in April.
“Looking forward, macroeconomic uncertainty and market volatility create a challenging environment for savers and investors, but one which underlines the value that trusted financial advice delivers to clients. Our advisers continue to help clients navigate these conditions and stay on track to achieve their long-term financial goals and aspirations.
“We have a long history of net inflows during all phases of the economic cycle, and the quality of the partnership and the strength of our advice-led business model positions us well for the future.”
SJP further said it was continuing to work through its historic client servicing records and making good progress.
It said its cost and efficiency programme, which aims to reduce costs by £100m by 2027, was “continuing to move forward”.
