UK wealth manager St. James’s Place posts record funds under management

St. James’s Place reported $176.60 billion in funds under management, the latest British wealth manager to post record funds boosted by a recovery in markets led by government support and positive news on COVID-19 vaccines.
However, the blue-chip company said on Thursday that it would slow the pace of recruiting new advisers due to a challenging external environment for many financial advice businesses across the UK, which has again tightened coronavirus-related curbs.