New investments up at wealth manager

WEALTH manager St James’s Place, which has an office in Yorkshire, today revealed a record quarter for new business with total new investments of £1.1bn.

In an interim management statement covering the three month period to March 31, St James’s said new investments were up by 57%, while combined unit trust and ISA investments were up 84% to £295.6m.

The group, which has an office in Leeds, has funds under management of £23.3bn, up 9% for the year to date and 52% over the twelve months and net inflow of funds under management of £700m.

Chief executive David Bellamy said: “We’re naturally delighted with these new business results. Against an improving market backdrop, we’ve delivered a very strong all round performance that is a credit to the partnership and our entire community.

“It also further demonstrates the effectiveness of our business and the quality of our investment proposition for clients.

“We have a great business that is in excellent shape and we remain optimistic about the future.”