British wealth manager St. James’s Place (SJP) said that its gross inflow of funds under management during the third quarter of 2017 was £3.59bn, a surge of 28% compared to £2.8bn in the year ago period.
The group’s net inflow of funds under management stood at £2.36bn, a jump of 42% over £1.66bn a year ago.
Group funds under management at the end of the third quarter totalled £85.7bn, an increase of 20% compared with £71.4 last year.
SJP CEO David Bellamy said: “I am pleased to report another consistently strong set of results, with gross inflows 28% higher at £3.6 billion and net inflows some 42% stronger at £2.4 billion, compared with the same period last year.
“The sustained growth in new investments and continued high retention of clients and their investments, means that year to date net inflows are up 41% at £6.7 billion, compared to the same period last year. Group funds under management of £86 billion are up 14% since the beginning of the year and 20% over the last 12 months.”