St. James’s Place (SJP) has announced that it closed 2025 with a record £220bn in funds under management (FuM), up from £190.2bn a year previously.

This was driven by £21.9bn in gross inflows, up from £18.4bn in 2024, and £6.2bn in net inflows, up from £4.3bn.

SJP, announcing its results for the 12 months to 31 December 2025, also revealed that its client retention rates remained strong at 94.9%, and said the growth in inflows had “demonstrated the strength” of its advice-led business model.

The wealth manager also reported a 33% year-on-year jump in profit after tax to £531.4m, as well as a post-tax underlying cash result of £462.3m, up 3% from 2024.

“We delivered growth in new business, growth in FuM, and growth in the underlying cash result, while at the same time delivering strong returns for our growing number of clients,” SJP CEO, Mark Fitzpatrick, commented.

“We have also executed against our key priorities as we position for the future. This included successfully implementing our new simple, comparable charging structure, progressing our historic ongoing service evidence review, and advancing our cost and efficiency programme.

“Our achievements in 2025 underscore the enduring need and demand for trusted financial advice.”

As a result of the wealth manager’s performance last year, it also announced total ordinary returns to shareholders of £231.2m, representing 50% of its underlying cash result.

Accounting for share buybacks, the company’s total shareholder returns for the 2025 financial year are estimated to be £313.3m, up from £222.7m a year earlier.

“The combination of another strong financial outcome together with good operational and strategic progress, has enabled the board to update our shareholder returns guidance a year earlier than originally planned,” Fitzpatrick added.

“Going forward, we intend to increase total annual shareholder distributions to 70% of the underlying cash result through a combination of dividends and share buybacks.

“While the external consumer outlook remains uncertain, the changes we have already made to our business, combined with our focus to strengthen and grow SJP over the long-term, mean we are well positioned to capture the structural market opportunity ahead and deliver for all our stakeholders in 2026 and beyond.”

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