British wealth manager St. James's Place (SJP) said that its gross inflow of funds under management during the fourth quarter of 2016 was £3.28bn, a 30% increase compared to £2.52bn a year ago.
The group's net inflow of funds under management stood at £2.1bn, a surge of 26% from £1.6bn in the prior year.
Group funds under management at the end of the fourth quarter of 2016 totalled £75.3bn, an increase of 28% from £58.6bn at the end of the fourth quarter of 2015.
SJP CEO David Bellamy said: “I am delighted to announce that the momentum we reported in October continued into the final quarter. We achieved record flows which, together with characteristically high retention of clients and the strong investment returns they enjoyed, lifted funds under management to £75.3 billion.
“Alongside these fund flows, we’ve continued to expand our capacity to attract new clients and build upon our existing client relationships, both in the UK and in Asia, and this bodes well for our future growth.
