St. James's Place plc, formerly known as St. James's Place Capital plc, is a British financial advice company headquartered in Cirencester, Gloucestershire. Here are some interesting facts about St. James's Place:
- St. James's Place operates as a combined adviser, fund manager, and life insurance business.
- Their services span wealth management, providing personalized advice and solutions to individuals, families, and business owners.
- The company has its head office in Cirencester, and it boasts over twenty other offices across the United Kingdom.
- Additionally, St. James's Place has a presence in Hong Kong, Singapore, and Shanghai.
- As of 2022, St. James's Place reported:
- Revenue: £11,807.3 million
- Operating income: £0.7 million
- Net income: £501.8 million
- Funds under management (AUM): £153.62 billion in 2023.
- The company's roots trace back to 1991, when it was founded by Mark Weinberg and Mike Wilson.
- Initially known as J. Rothschild Assurance, it merged with a smaller entity called St. James's Place Capital in 1997.
- Over the years, it underwent restructuring and ownership changes, including involvement with Halifax plc, HBOS, and Lloyds Banking Group.
- St. James's Place faced scrutiny for misleading customers on charges and was investigated by Which?.
- The company also encountered issues related to document manipulation and allegations of poor advice concerning tax avoidance.
- St. James's Place is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index.
- It holds the distinction of being the largest company of its kind in the UK .
In the world of investing, St. James's Place (ticker symbol: STJ) continues to provide comprehensive financial services, emphasizing personalized advice and long-term wealth management.