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Net inflows to St James's Place more than halve as business review outcomes loom
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According to a trading statement published today (30 April), the firm saw in £710m net inflows last quarter, lower than the £2bn reported in the same quarter last year. Gross inflows of £3.97bn were slightly lower year-on-year (£4.17bn in Q1 2023), which CEO Mark Fitzpatrick attributed to a fewer number of working days in March ahead of the key tax year end period. «For the year to 5 April, gross inflows are broadly unchanged on the equivalent period in 2023, reflecting an increased level of client activity, albeit with a lower average investment size,» he said. St James's Place ...
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