St. James's Place reports net inflows for first-quarter but assets dip on market slide (updated)

St Jamess Place

29/04/2026 07:23

Adds details and background throughout

April 29 (Reuters) - British money manager St. James's Place SJP.L reported first-quarter net inflows of 1.53 billion pounds ($2.07 billion) on Wednesday, but said a decline in global markets hit its managed assets in the period.

Global markets have whipsawed since the Iran conflict began on February 28, with investor sentiment influenced by developments in the war. Money managers such as Schroders  and Aberdeen  ABDN.L last week reported heavy client withdrawals in March.

However, the firms have also signalled towards a market recovery in recent weeks as ceasefire talks swirl, and investors stomach the initial volatility brought on by the war.

St. James's Place, the UK's largest wealth adviser, posted closing funds under management of 216.9 billion pounds as at March-end, down from the 220 billion pounds at December-end, as a 4.6 billion pound decline in net investment returns during the quarter offset positive inflows.

($1 = 0.7405 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)

((Yamini.Kalia@thomsonreuters.com))