St James's Place Achieves Record Growth and Assets in First Half of 2025

St. James's Place PLC (STJPF) reports exceptional first-half 2025 performance, achieving record assets under management and significant growth in new client investments. The firm attracted GBP10.5 billion in new funds during the period, with net inflows reaching GBP3.8 billion—doubling the inflows from the same period last year. As of June 30, 2025, funds under management hit an all-time high of GBP198.5 billion. The company's underlying cash earnings increased by 17% to GBP240.4 million, supported by improved client retention at 95.3% and better surrender rates. A GBP63.4 million post-tax release from ongoing service evidence will be returned to shareholders through a share buyback, which totaled GBP95.5 million, including the release amount. The company is implementing a new charging structure aimed at enhancing transparency and long-term revenue growth, incurring GBP38.1 million in post-tax costs during the first half. Despite challenges posed by the global economic environment, including sluggish growth and market volatility, St. James's Place expects a temporary dip in profitability for 2025 and 2026. Operational costs increased slightly by 7% to GBP155 million, with full-yea...