Investment management group St James’s Place is confident it can move above £50 billion in assets under management in the current quarter, after announcing a 17% rise in AUM to £49.1 billion in the 12 months ended September.

SJP said it witnessed new inflows of £1.27 billion in the three months to the end of September, compared with £1.03 billion over the same three-month period in 2013.