St. James's Place Q1 Funds Under Management Rises To GBP 45.8 Mln - Quick Facts

(RTTNews) - Wealth management firm St. James's Place PLC (STJ.L) Tuesday reported an increase in funds under management for the first quarter.

For the three months ended March, total funds under management rose by 17 percent to 45.8 billion pounds from 39 billion pounds a year earlier.

Net inflow of funds under management rose by 26 percent to 1.191 billion pounds from 947 million pounds in the same period last year.

During the first quarter, third party single new business amounted to 166.5 million pounds, up from 122.9 million pounds a year earlier. Total annualized new regular business declined to 9.5 million pounds from 16.3 million pounds last year.