|
St James’s Place PLC - Cirencester, England-based wealth manager - Receives £1.53 billion in net inflows in the first quarter of 2026, down slightly from £1.69 billion a year before. The net result reflects £5.23 billion in gross inflows, up from £5.14 billion a year before, and a retention rate of 95.3%, up from 95.0%. Funds under management total £216.94 billion on March 31, up from £188.59 billion a year before, though down from £220.01 on December 31. Net investment return is negative £4.60 billion in the first quarter, compared to negative £3.1 billion in the first quarter of 2025. North American equities remains the largest allocation of FuM at 38%, with UK equities in only fifth place at 9%. ‘While macroeconomic uncertainty continues, periods like this underscore the enduring value of high-quality financial advice,’ comments Chief Executive Officer Mark FitzPatrick. ‘Our advisers provide reassurance and help clients navigate market conditions, ensuring they remain focused on their longterm financial goals.’ Current stock price: 1,197.02 pence, down 4.4% in London on Wednesday morning 12-month change: up 26% Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
