We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| St. James's Place Plc | LSE:STJ | London | Ordinary Share | GB0007669376 | ORD 15P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12.80 | 2.97% | 444.20 | 441.00 | 441.60 | 443.00 | 435.00 | 440.00 | 4,749,075 | 16:35:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 18.98B | -10.1M | -0.0184 | -239.78 | 2.42B |
From Apr 2019 to Apr 2024
TIDMSTJ
RNS Number : 8058C
St. James's Place PLC
22 January 2015
-1-
ST. JAMES'S PLACE plc
27 St. James's Place, London SW1A 1NR
Telephone 020 7493 8111 Facsimile 020 7493 2382
PRESS RELEASE
22 January 2015
ST. JAMES'S PLACE WEALTH MANAGEMENT
FUNDS UNDER MANAGEMENT INCREASE TO A RECORD GBP52 BILLION
St. James's Place plc ("SJP"), the wealth management group, today issues its new business update for the twelve months ended 31 December 2014.
Highlights:
-- Total new single investments of GBP7.8 billion (2013: GBP6.6 billion) - up 18%
-- Retention of clients existing funds under management at 96%
-- Net inflow of funds under management of GBP5.09 billion (2013: GBP4.23 billion) - up 20%
-- Funds under management of GBP52 billion (2013: GBP44.3 billion) - up 17%
-- SJP new business on an APE basis of GBP895.6 million (2013: GBP762.9 million) - up 17%
-- Partnership numbers up 8.9% to 2,132 (including new Partners in Asia)
-- Total number of qualified advisers up 10.3% to 2,835
David Bellamy, Chief Executive, commented:
"I am delighted to report another record year of new investments. These results, together with the continued strong retention of our client funds and positive investment returns, saw our funds under management increase by GBP7.7 billion to a record GBP52 billion.
We attracted over 50,000 new clients in the year and our record on retention underpins our belief that, as well as the positive investment returns and the individual advice they can rely on, clients value the human relationship and highly personal interaction that our proposition delivers. This is evidenced by the consistency of our growth in recent years with funds under management growing by a compound 19% pa for both the last 5 year and 10 year periods.
I'm also pleased to report that through the continued acquisition of established advisers, the integration of our acquisition in Asia and Academy students graduating in the year, we start 2015 with 10% more qualified advisers in the St. James's Place Partnership, which bodes well for the future.
Despite the uncertainty that markets face in 2015, the momentum of our business, coupled with the increasing need for professional financial advice, reinforces our confidence in the future growth opportunities."
-2-
The details of the announcement are attached.
Enquiries:
David Bellamy, Chief Executive Tel: 020 7514 1963 Officer Andrew Croft, Chief Financial Tel: 020 7514 1963 Officer Tony Dunk, Investor Relations Tel: 020 7514 1963 Director Bell Pottinger Tel: 020 3772 2566 John Sunnucks & Ben Woodford
Contents
1. Funds under management 2. SJP new business 3. Third party new business 4. Capital and dividend
-3-
1. Funds under Management
During the fourth quarter of 2014 we have once again seen a net inflow of funds under management which, at GBP1.38 billion (2013: GBP1.21 billion), brings the total net inflow for the year to date to GBP5.09 billion (2013: GBP4.23 billion), up 20%.
Given this strong net inflow, total funds under management increased to GBP52 billion.
Hot Features
Premium
Unaudited Unaudited
3 Months to 12 Months to
31 December 31 December
2014 2013 2014 2013
GBP'BN GBP'BN GBP'BN GBP'BN
Opening funds under management 49.1 41.8 44.3 34.8
New money invested* 2.1 1.9 7.9 6.8
Net investment return 1.5 1.2 2.6 5.2
Regular income withdrawals and maturities (0.2) (0.2) (0.9) (0.7)
Surrenders and part surrenders (0.5) (0.4) (1.9) (1.8)
------- ------- ------- -------
Closing funds under management 52.0 44.3 52.0 44.3
------- ------- ------- -------
Net inflows 1.38 1.21 5.09 4.23
======= ======= ======= =======
Implied surrender rate as a percentage of average funds under management 4.0% 4.7%
======= =======
* Includes gross new single investments together with the current year contributions in respect of regular investments plans
Analysis of Funds under Management
The following table provides an analysis of the funds under management at 31 December:
31 December 31 December
2014 2013
GBP'BN % of GBP'BN % of
total total
UK Equities 14.9 29% 13.3 30%
North American Equities 10.4 20% 8.4 19%
Fixed Interest 7.1 14% 6.1 14%
European Equities 6.0 11% 5.0 11%
Asia & Pacific Equities 4.8 9% 3.9 9%
Cash 4.4 8% 3.6 8%
Property 1.5 3% 1.1 2%
Alternative Investments 0.9 2% 1.3 3%
Other 2.0 4% 1.6 4%
Total 52.0 100% 44.3 100%
======= ======= ======= =======
-4-
2. SJP New Business
Unaudited Unaudited
3 Months to 12 Months
31 December to
31 December
2014 2013 2014 2013
GBP'M GBP'M GBP'M GBP'M
New single investments
Investment 649.1 702.3 2,449.9 2,314.4
Pension 609.5 537.0 2,187.4 1,964.4
Unit Trust and
ISA 754.0 568.5 3,126.1 2,300.2
-------- -------- -------- --------
2,012.6 1,807.8 +11% 7,763.4 6,579.0 +18%
-------- -------- -------- --------
New annualised
regular investments
Investment 5.3 4.8 18.0 16.5
Pension 28.0 22.8 99.0 86.1
Protection 0.6 0.7 2.3 2.4
-------- -------- -------- --------
33.9 28.3 +20% 119.3 105.0 +14%
-------- -------- -------- --------
Total new business
(APE)*
Investment 145.6 131.9 575.6 478.0
Pension 88.9 76.5 317.7 282.5
Protection 0.6 0.7 2.3 2.4
-------- -------- -------- --------
235.1 209.1 +12% 895.6 762.9 +17%
-------- -------- -------- --------
*Calculated as 1/10(th) single investments plus the annualised regular investments
-5-
3. Third Party New Business
In addition to SJP new business, the Partnership also advises on the products and services of a number of selected third party providers.
-- Investment into various schemes (eg VCT and EIS etc)
-- Pensions: Group Personal Pension Schemes, Annuities and SIPPs
-- Protection and general insurance
For the three month period to 31 December 2014, the total third party single new business was GBP143.6 million (2013: GBP145.7 million) and total annualised new regular business was GBP15.2 million (2013: GBP11.1 million).
For the twelve month period to 31 December 2014, the total third party single new business was GBP598.1 million (2013: GBP591.1 million) and total annualised new regular business was GBP51.8 million (2013: GBP43.2 million).
-6-
4. Capital and Dividend
Capital
There have been no material changes to solvency capital during the final quarter. The investment policy for non-linked assets remains on a prudent basis, with no exposure to equity investments: non-linked liabilities are matched by government backed gilts and bonds, and surplus assets are invested in AAA rated money market funds.
Dividend
As stated at the time of our half year results announcement, the Board expects to increase the full year dividend by 40% and this remains our intention.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPKDDPABKDODB
1 Year St. James's Place Chart |
1 Month St. James's Place Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
