FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Wealth Management

SJP returns to profit after ongoing advice hit

UK’s largest wealth manager racks up £60m of costs as it overhauls fee model

By Kristen McGachey
London-listed wealth manager SJP has posted a share price recovery over the last year Hollie Adams/Bloomberg via Getty Images
London-listed wealth manager SJP has posted a share price recovery over the last year Hollie Adams/Bloomberg via Getty Images

St James’s Place has returned to profit after being caught out by the Financial Conduct Authority’s ongoing advice review and an overhaul to its charging model.

The UK’s largest wealth manager posted a £398.4m profit after tax in 2024, up from a £9.9m loss in 2023.

WSJ Logo
Reduce Remote Workers’ Pay

Reduce Remote Workers’ Pay

French Inflation Cools to Lowest in Four Years as ECB Prepares to Cut Rates Again

HKEX Profit, Revenue Hit Quarterly Highs

Nvidia Is Far From Running Out of Road

Swiss Re Backs Guidance for Year Ahead After Earnings Beat