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St James’s Place pulls in £2.3bn during final quarter of ‘extraordinary year’

The strong inflows come after the wealth manager was targeted by activist investor PrimeStone Capital over pay

Andrew Croft, chief executive of SJP
Andrew Croft, chief executive of SJP

St James’s Place notched up £2.3bn of net inflows during the final three months of 2020 during what the UK wealth manager has described an “extraordinary year”.

According to a business update published on 28 January, SJP's funds under management reached a record £129.3bn at the end of December, up 11% compared to the end of the previous year. The healthy inflows during the final quarter helped bring full-year net inflows to £8.3bn.

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