UK wealth manager St James’s Place increased its funds under management to a record £220bn at the end of 2025, following strong inflows from a client base now over one-million strong.
The FTSE-100 group posted a post-tax underlying cash result of £462.3m for 2025, up 3% on the previous year, and IFRS profit after tax of £531.4m, up from £398.4m in 2024.
SJP said it would complete an ongoing service review this year, while a cost and efficiency programme remains “on track”.
Chief executive officer Mark FitzPatrick said: “I am pleased to report a year of significant progress. We delivered growth in new business, funds under management and the underlying cash result, while at the same time delivering strong returns for our growing number of clients.
“Our achievements in 2025 underscore the enduring need and demand for trusted financial advice.”
In line with 2025 shareholder returns guidance, the board intends to return 50% of underlying cash to shareholders for 2025, with a dividend of 18p declared.
FitzPatrick added that the firm is “looking to the future with confidence” and is “well positioned to capture the structural market opportunity ahead”.
He added: “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.
“Going forward, we intend to increase total annual shareholder distributions to 70% of the underlying cash result through a combination of dividends and share buy-backs.”
In December 2024, it emerged that SJP was making around 500 redundancies amid plans to close all of its open-ended property funds.
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