British wealth manager St. James’s Place (SJP) said that its gross inflow of funds under management during the first quarter ended 31 March 2016 increased 16% to £2.45bn from £2.11bn in the prior year.
The group’s net inflow of funds under management stood at £1.36bn, compared to £1.32bn a year earlier.
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The group funds under management totalled £62bn at the end of the first quarter, a rise of 11.1% from £55.8bn in the corresponding quarter of 2015.
SJP CEO David Bellamy said: "Against a backdrop of continued uncertainty across global stock markets, our business is performing strongly.
"We remain focused on achieving the best possible outcomes for our clients, through the provision of sound personal financial advice. The acquisition of Technical Connection with their specialist technical support services, together with the new St. James’s Place intergenerational mortgage suite, adds to the resources and services that our Partners and clients can draw upon to achieve that," Bellamy added.
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