British wealth manager St. James’s Place (SJP) said its gross inflow of funds under management during the fourth quarter ended 31 December 2015 increased 20% to £2.52bn from £2.10bn in the year ago quarter.
The wealth manager said that its net inflow of funds under management rose 17% for the quarter to £1.63bn from £1.39bn a year earlier.
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Total funds under management at 31 December 2015 stood at £58.6bn, up 13% from £52.01bn at the same period last year.
The group funds under management would total £59.8bn including Rowan Dartington, the company said in a statement.
The group’s retention of client funds stood at c.95%.
The firm said that it has increased the number of advisers by 9.8% to 3113, while partnership numbers grew 6.2% to 2,264.
SJP CEO David Bellamy said: "inflows for the full year in 2015 were 17% higher at a record £9.24 billion which, together with the sustained high retention of clients and their investments, resulted in record net inflows in the twelve months of £5.78 billion, growth of 14%.
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By GlobalData"Particularly pleasing was the very strong gross and net inflows in the final quarter with growth of 20% and 17% respectively, maintaining the momentum we have seen each quarter of the year.
"Alongside these strong fund inflows and supported by the success of our Academy and expansion in Asia we’ve increased the size of our Partner and adviser teams by 6.2% and 9.8% respectively. This increase in our capacity to attract new clients and to build upon existing relationships, bodes well for our future growth."
