Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

St James's Place results: eight important features

Andrew Croft’s inaugural annual presentation as chief executive of St James’s Place was never likely to yield many changes

Andrew Croft’s inaugural annual presentation as chief executive of St James’s Place was never likely to yield many changes: a cash dynamo at the heart of the firm will keep spinning, was the take-away.  

Nonetheless, a close reading of the results beyond the 32% rise in headline pre-tax profit to £181 million is repaid with some insights on the underlying velocity of the business.

The date for the full integration of the Bluedoor backoffice software upgrade has been pushed to 2019, and until then the company said it was facing additional parallel running costs of dual systems.

Croft made a convincing fist of explaining why this was due to good reasons however, as the sheer volume of client assets to be managed across has doubled since the project was initiated, however.

The company increased investment in Rowan Dartington by almost 50% last year to a total £21.7 million, primarily on tech costs. The company said it is also likely to add to the unit’s headcount in the immediate future, as it increases capacity to meet an expected increase in client funds.

Read on for a selection of charts from this year’s presentation

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Andrew Croft’s inaugural annual presentation as chief executive of St James’s Place was never likely to yield many changes: a cash dynamo at the heart of the firm will keep spinning, was the take-away.  

Nonetheless, a close reading of the results beyond the 32% rise in headline pre-tax profit to £181 million is repaid with some insights on the underlying velocity of the business.

The date for the full integration of the Bluedoor backoffice software upgrade has been pushed to 2019, and until then the company said it was facing additional parallel running costs of dual systems.

Croft made a convincing fist of explaining why this was due to good reasons however, as the sheer volume of client assets to be managed across has doubled since the project was initiated, however.

The company increased investment in Rowan Dartington by almost 50% last year to a total £21.7 million, primarily on tech costs. The company said it is also likely to add to the unit’s headcount in the immediate future, as it increases capacity to meet an expected increase in client funds.

Read on for a selection of charts from this year’s presentation

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play How Kames Property Income got Brexit-ready

How Kames Property Income got Brexit-ready

Kames Property Income co-manager Richard Peacock says the fund is positioned to withstand the widely anticipated Brexit redemption stampeded.

Play Citywire 20: John Dodd's great Artemis expedition

Citywire 20: John Dodd's great Artemis expedition

Citywire executive chair Lawrence Lever sat down with Artemis founder partner John Dodd.

Play Citywire 20: Investec's du Toit on managing the 'jerk factor'

Citywire 20: Investec's du Toit on managing the 'jerk factor'

Investec boss Hendrik du Toit believes he has become far more decisive over the last 20 years, especially when it comes to managing 'jerk' factor.

Read More
Your Business: Cover Star Club

Profile: How Tilney is using advice to drive wealth growth

Profile: How Tilney is using advice to drive wealth growth

A former amateur GT racing driver, Grant started at Tilney last August and was quick off the grid in introducing a cross-functional management structure

Wealth Manager on Twitter