British wealth manager St. James’s Place (SJP) said its gross inflow of funds under management during the third quarter ended 30 September 2015 increased 20% to £2.32bn from £1.94bn in the year ago quarter.
The wealth manager said that its net inflow of funds under management rose 17% year-on-year to £1.48bn from £1.26bn.
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Additionally, the group’s retention of client funds continued to be strong at 95%.
Total funds under management at 30 September 2015 stood at £54.5bn, up 11% from £49.1bn at the same period last year.
SJP CEO David Bellamy said: "New investments were 20% higher at a record £2.32 billion which, together with the continued high retention of clients and their investments, resulted in record net inflows of £1.48 billion, up 17%, compared to the same period last year.
"Following the implementation of arguably the biggest changes to retirement options in a generation, our Partners have understandably been particularly active in helping clients to fully understand the more flexible, often complex, options available in respect of their retirement funds so that they may decide which best suits their immediate and future financial objectives."
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