FTSE 100 close: London sinks into the red as shares in St James’s Place crash, Reckitt and Taylor Wimpey fall February 28, 2024 Shares in St James Place plummeted after it slashed its dividend and warned that costs connected to complaints would be a drag on growth in the coming year.
Is there anything good in St James’s Place’s results? February 28, 2024 Britain’s biggest wealth manager St James's Place saw its stock price hit its lowest since December 2012 this morning on the back of a gruelling 2023 results.
St James’s Place brings in £5.1bn of new money as funds swell by £20bn January 25, 2024 This growth largely came from its pensions arm, which swelled by over £6bn in the final quarter of the year, compared to £1.6bn in its investment arm and £1bn in its discretionary fund management wing.
St James’s Place shakes up investment managers amid fees pressure December 4, 2023 St James’s Place confirmed it has dropped Jacob Rees-Mogg-founded Somerset Capital Management and brought in three new investment managers today in the latest sign of an overhaul at the firm after pressure over its complex fees.
What’s going on at St James’s Place? October 27, 2023 St James's Place has suffered a bruising couple of months — but analysts say the outlook for the firm is positive.
St James’s Place suspends property fund as investors pull cash and demand falls October 23, 2023 Wealth manager St James’s Place has suspended one of its property funds amid a flurry of withdrawals from clients and a “fall in demand” for commercial property in the UK.
St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
St James’s Place ups its dividend as bulging share prices bolster wealth manager’s coffers February 24, 2022 British wealth manager St James’s Place today posted record results, as bulging share prices saw the sums of money it manages grow by 19 per cent, to record heights of £154bn. The firm, which was established by South African financier Mark Weinberg and British banker Mike Wilson in 1991, after the pair received backing from [...]
Funds under management swell to a record £135bn at St James’s Place April 29, 2021 Funds under management at St James’s Place have reached a record high and strong inflows in the first quarter it said this morning, as government spending and Covvid-19 vaccination drives positive investor sentiment. Funds under management jumped to £135bn at the end of March, surpassing the previous record of £129bn it touched in 2020. Net [...]
Baroness Helena Morrissey quits St James’s Place to become AJ Bell chair March 16, 2021 Baroness Helena Morrissey has stood down from her role on St James’s Place’s board to become chair of investment platform AJ Bell. Baroness Morrissey will succeed Les Platts as AJ Bell’s chair at the company’s next annual meeting in January 2022. In the meantime, she join the board as chair designate in July 2021. Baroness [...]