St James’s Place (SJP) recorded net inflows of £890m in the past quarter.
These sustained inflows, together with “positive investment performance”, have resulted in record funds under management of £184.4bn as of 30 September.
The UK’s largest wealth manager also recorded gross inflows of £4.4bn in the third quarter, 20% higher compared to the same period last year.
SJJP chief executive Mark FitzPatrick said the results “demonstrate the power of our business model and the trusted relationships our advisers enjoy with clients”.
FitzPatrick also said SJP continues to make progress on its cost and efficiency programme, its review of historic client servicing records and the implementation of its “new simple and comparable charging structure”.
“We are on track to implement the new charging structure by the second half of 2025, including tiering for both ongoing product and initial advice charges,” he said.
“Each of these key programmes is progressing in line with our plans and there is no change to our existing financial guidance.”
FitzPatrick added that while the macroeconomic environment has improved since the beginning of the year, there continues to be uncertainty in the outlook for consumers, savers and investors.
“While speculation around the forthcoming Autumn Budget compounds this, we know that our advisers are providing invaluable advice to our clients, helping them to navigate the uncertainty and safeguard their financial futures.
“With increasing client numbers, sustained net inflows and growing funds under management, our business is performing well and we are positioning for further long-term success.”
