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    Home > Finance > St James's Place beats 2024 fund expectations with $5.4 billion net inflows
    Finance

    St James's Place beats 2024 fund expectations with $5.4 billion net inflows

    Published by Global Banking and Finance Review

    Posted on January 30, 2025

    1 min read

    Last updated: January 26, 2026

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    Tags:customersinvestment portfoliosfinancial managementWealth Managementcapital gain

    Quick Summary

    St James's Place exceeded 2024 fund expectations with £4.33 billion inflows, driven by high client engagement and strategic advice, reaching record funds under management.

    St James's Place Surpasses 2024 Fund Projections with £4.33 Billion Inflows

    (Reuters) - British wealth manager St James's Place on Thursday reported better-than-expected managed funds for 2024, driven by 4.33 billion pounds ($5.38 billion) of yearly net inflows and high client engagement.

    Money managers in the UK were hit with a mixed bag of investor sentiments last year but customers were quick to return to investment firms once the uncertainties around tax changes were cleared up after the October budget.

    "Client engagement levels were high throughout the quarter as our advisers provided support, reassurance and invaluable advice that helped clients navigate the uncertainty," CEO Mark FitzPatrick said in a statement.

    The Cirencester-based company logged record funds under management of 190.21 billion pounds at the end of December 2024, against analysts' expectations of 187.4 billion pounds, according to a company-compiled consensus.

    Its net inflows improved to 1.5 billion pounds in the final quarter from the third quarter's 890 million pounds.

    ($1 = 0.8044 pounds)

    (Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)

    Key Takeaways

    • •St James's Place reported £4.33 billion net inflows for 2024.
    • •High client engagement contributed to exceeding fund expectations.
    • •Funds under management reached a record £190.21 billion.
    • •Net inflows improved significantly in the final quarter.
    • •Investor sentiment improved post-tax changes in the UK.

    Frequently Asked Questions about St James's Place beats 2024 fund expectations with $5.4 billion net inflows

    1What were the net inflows reported by St James's Place?

    St James's Place reported net inflows of 4.33 billion pounds ($5.38 billion) for the year.

    2How did client engagement levels change during the quarter?

    Client engagement levels were high throughout the quarter as advisers provided support and invaluable advice to help clients navigate uncertainty.

    3What was the record amount of funds under management for St James's Place?

    The company logged record funds under management of 190.21 billion pounds at the end of December 2024.

    4How did net inflows change in the final quarter compared to the previous quarter?

    Net inflows improved to 1.5 billion pounds in the final quarter from 890 million pounds in the third quarter.

    5Who reported the financial results for St James's Place?

    The financial results for St James's Place were reported by CEO Mark FitzPatrick.

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