Skip to content

St. James’s Place Slides as Net Inflows Drop

St. James's Place reported record client funds of £242.44bn for the third quarter, but net inflows fell to £0.57bn from £1.76bn a year earlier, and the shares were lower on the day of the update.

St. James’s Place (LON: STJ) shares were down 3.6% in early trading today, the day the wealth manager published a third-quarter update pairing record client funds with much weaker net inflows. The update covers the three months to the 30th of September.

The shares stood at 1,073p at 09:10 UK time, on a delayed quote, down 40.5p from yesterday’s close of 1,113.5p. They touched 1,051p, 5.6% below that close. The price is 6.1% above the 52-week low of 1,011.5p set on the 8th of October and 31.9% below the February high of 1,575.5p.

STJ.LSE

Funds under management, the client money the group looks after, closed the quarter at £242.44bn, up from £240.78bn at the start of the quarter and £212.36bn a year earlier. Net inflows, new money in less money withdrawn, were £0.57bn, against £1.76bn in the same quarter of 2025.

Gross inflows slipped to £5.15bn from £5.70bn, while surrenders and part-surrenders, where clients cash in all or part of an investment, rose to £3.08bn from £2.65bn. Chief executive Mark FitzPatrick said the year-earlier quarter was exceptionally strong, helped by high activity tied to the introduction of the new charging structure.

MeasureQ3 2026Q3 2025
Gross inflows£5.15bn£5.70bn
Net inflows£0.57bn£1.76bn
Closing funds under management£242.44bn£212.36bn

Net inflows fell by about two thirds, while funds under management rose by about a seventh over the year.

Line chart of St. James's Place share price over three months showing a fall on 29 October 2026
St. James’s Place shares fell on the day of its Q3 update, remaining just above the 52-week low struck on 8 October. Daily close, pence; last point intraday.

Over nine months, net inflows were £3.31bn against £5.59bn a year before. The annualised year-to-date funds under management retention rate was 95.1%, against 95.2%. The Q3 net investment return was £1.09bn, far below £12.10bn in Q3 2025.

At 1,073p the shares trade at 0.47 times the group’s EEV net asset value of about £22.85 a share at the 30th of September, a 53% discount on that measure.

Mark FitzPatrick said more detail on Amplify, the next phase of the group’s strategy, will come with full-year results in February.

Asktraders News Team
Asktraders News Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.