1Q23: St. James's Place reports £179bn client funds, driven by strong investment returns and £710m net inflows.
St. James's Place reports 1Q23 client funds at £179bn, driven by strong investment returns and £710m net inflows, down from £2bn last year. Gross inflows of £3.97bn were slightly lower due to fewer working days. CEO Mark FitzPatrick says the firm is well-positioned to capture long-term opportunities. The company's retention rate is 94.6%, with every quarter generating net inflows.
April 30, 2024
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