Profits before tax at St James’s Place slumped by 86% to £21.3m last year despite an increase in new business at the wealth management firm.
Pretax profits at the firm, which is majority-owned by Lloyds Banking Group, had been £161.9m in 2010.
St James's Place sees profits slump
Pretax profits fell by 86% to £21.3m in 2011, despite net inflows of £3.3bn at the wealth management firm
