News
Fourth quarter new business announcement
RECORD FOURTH QUARTER NEW BUSINESS
RECORD FUNDS UNDER MANAGEMENT & PARTNERSHIP NUMBERS
St. James’s Place plc (“SJP”), the wealth management group, today issues its new business update for the three months ended 31 December 2009.
Highlights for the three months are:
New Business
- Total single investments of £1.08 billion (2008: £0.72 billion), up 50%
- Total new business on an APE basis of £133.2 million (2008: £96.4 million), up 38%
- Manufactured new business on an APE basis of £122.7 million (2008: £85.6 million), up 43%
- Manufactured business represents 92% of new business (2008: 89%)
Funds Under Management
- Funds under management of £21.4 billion, up £1.1 billion over the three months
- Net inflow of funds under management of £700 million (2008: £400 million)
- Continue to retain over 95% of existing clients’ funds
Partnership
- Partnership numbers up 9% for the year to 1,464
David Bellamy, Chief Executive, commented:
“We are delighted with our fourth quarter figures. Record new investments and excellent retention are a credit to our entire community and have helped drive Group funds under management to record levels.
We are extremely pleased with the fact that we have grown the Partnership by 9%, the largest annual increase in ten years.
Our overall performance in 2009 gives us both the confidence and a good platform for further growth this year.”
The details of the announcement are attached.
Enquiries:
| David Bellamy, Chief Executive |
Tel: 020 7514 1963 |
| Andrew Croft, Group Finance Director |
Tel: 020 7514 1963 |
Tulchan Communications Group Ltd
John Sunnucks/Mal Patel |
Tel: 020 7353 4200 |
View the full press release.
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