Are SJP funds poor value?

Nearly 80 per cent of funds run by the wealth manager St James’s Place (SJP) are failing. Money looked at 51 SJP products, holding a total of £33.8 billion, and found that 39 (holding £29 billion) had underperformed their benchmarks, failed to meet their objectives or both.

Who owns St James’s Place Wealth Management?

Rothschild Assurance group
Rothschild Assurance group effectively achieved a reverse takeover of St. James’s Place Capital. Thereby securing a public listing on the Stock Exchange after just five years of trading.

Who owns St James’s Place Bank?

Lloyds Banking Group
St James’s Place Bank is owned by Lloyds Banking Group.

How many funds do SJP have?

SJP, Abrdn and Jupiter all had six funds represented on the list but SJP’s funds accounted for a total of £5.74bn in assets – putting the company in second place in the dog rankings. Jupiter’s six funds totalled £988.6mn, while Abrdn’s comprised £1.84bn.

Are SJP fees worth it?

They are not worth the money you spend on their fees. There really should be regulation that is for the people and prevent wealth managers from charging extortionate fees.

Is SJP expensive?

For many investors, their model is overly expensive and according to Milena Mileva, a fund manager with Baillie Gifford (widely viewed as one of the best fund management firms in the UK), the fees charged by SJP are “very very high” across the entire chain, adding they “had to change”.

Is St James Place reliable?

SJP is a restricted advice network and as such their advisers can only advise their clients on SJP branded products such as their own range of funds and investment portfolios. Therefore, SJP is unable to advise on 99.3% of the pension, life and unit trust market currently available to UK investors.

Are St James Place independent financial advisers?

We were particularly interested in two issues – what SJP’s advisers said about charges, and how clear they were about the fact that they aren’t independent financial advisers, which means they’ll only recommend products where they get paid a fee- even if cheaper, more suitable options are freely available.

How many customers does SJP have?

We know that the market opportunity is even greater when we consider personal pension assets and insurance-wrapped savings. We estimate that there are around 12 million individuals in our target market in the UK, with around half already seeking financial advice.

What does St James Place wealth management do?

We offer a range of funds and portfolios which help to manage risk, with the aim of achieving consistent long-term returns. We also have a number of carefully selected external managers of outstanding ability manage our client funds. including external fund managers selected from the whole world market.

How much money do you need to invest with St James Place?

‘The typical investor’ makes a £30,000 initial investment and contributes £200 a month for 20 years. If they pay an annual management fee of 2% a year, they will have £138,302 in their pot at the end. If they pay a 1% fee, their final pot would be worth £160,560.

Are SJP pensions any good?

89.7% of St James’s Place funds rate as poor performing 1 or 2 star funds, making SJP one of the worst fund managers in the UK.