St James’s Place has reported that despite net inflows falling 11% in 2022, it had achieved its "second best year".
SJP has reported that net inflows fell to £9.8bn last year, down from £11bn in 2021, though 2022 still marked the second best year in its history for new business flows. Advisers attracted £3.9bn of new client investments during the final quarter. Retention of client investments, together with new client investments, resulted in net inflows of £2.1bn for the quarter. Gross inflows for the full year totalled £17bn. GAM delays annual results as losses widen SJP chief executive Andrew Croft said the results were "despite significant macroeconomic challenges, which deepened as t...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes