| Type | Public (LSE: STJ) |
|---|---|
| Industry | Finance |
| Founded | 1991 |
| Headquarters | Cirencester, UK |
| Key people | Mike Wilson, Chairman David Bellamy, CEO |
| Operating income | £ 161.9 million (2010)[1] |
| Net income | £ 55.0 million (2010)[1] |
| Total assets | £ 25,387.4 million (2010)[1] |
| Website | www.sjp.co.uk |
St. James's Place plc (LSE: STJ) is a UK-based wealth management business. It is headquartered in Cirencester and has 20 regional offices throughout the UK. It was listed on the London Stock Exchange in 1997 and is now a FTSE 250 company.[2]
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The business was founded by Mike Wilson, Sir Mark Weinberg and Lord Rothschild in 1991 as J Rothschild Assurance Group. It subsequently changed its name to St.James's Place Capital plc. In 2000, HBOS plc became a 60% shareholder of St. James’s Place Capital. With effect from 9 May 2006, St. James's Place Capital was renamed St. James's Place plc.[3] Lloyds TSB, now Lloyds Banking Group plc, acquired HBOS Banking Group in 2009, and now owns a 60% shareholding in St. James's Place plc.[4]
St. James's Place offers the following services to its clients:
Investments: Offering access to selected external fund managers with a diversified portfolio and providing advice to clients based on a review of their individual circumstances to ensure investment strategies are aligned to their objectives whether it be to generate income or capital growth.
Retirement Planning: Creating financial strategies to help individuals to plan for their retirement.
Protecting Wealth: Providing insurance and advice to protect estates from Inheritance Tax (‘IHT’) or to protect business assets.
Business Planning: understanding and working with business owners to meet their financial aims.
St James's Place are NOT Independent Financial Advisers.
The St. James's Place Foundation, founded in 1992, is the charitable arm of the St. James's Place Wealth Management Group. The Foundation aims to improve the quality of life for those people in need as a result of disability or disadvantage. In 18 years the Foundation has raised more than £18m and distributed the majority of those funds to more than 700 charities, with grants ranging from a few hundred pounds to in excess of £1m.[5]
St James's Place has won a number of industry awards over the years including Wealth Manager of the Year 2008 and 2009 and Best Wealth Manager for Tax in 2011 by readers of the Investors Chronicle and Financial Times.[6] Wealth Manager of the Year 2007, 2008 and 2010 by readers of the Daily Telegraph.[7] Best Financial Adviser 2010/11 for MoneyPages Personal Finance Awards.[8]