St. James’s Place plc (LON:STJ) has issued its half-year results for the six months ended 30 June 2026.
Mark FitzPatrick, Chief Executive Officer, commented:
“I am pleased to report a strong set of results for the first half of 2026. We have delivered good operating and financial performance, continued to grow our client and adviser base, and made further progress against our strategic priorities.
During the period, advisers supported clients through a complex and evolving environment. While markets have been supportive, consumers continued to navigate economic uncertainty, impending changes to the retirement savings landscape and evolving financial planning needs. Against this backdrop, the company saw continued demand for trusted financial advice, reflected in positive net inflows, improving funds under management (FUM) retention, and growth in its client base. It also delivered another strong period of investment performance for clients, with investment returns representing 16.4% of opening FUM on an annualised basis. Together, these factors contributed to FUM closing at £240.8 billion.
Alongside its first-half performance, this period has also provided an opportunity to reflect on the progress made over the last two years through the Strengthen phase of its strategy. The company has strengthened its client and adviser propositions, advanced its technology capabilities and continued to improve how the business operates. Together, these changes have created a fundamentally simpler, more efficient, and more effective business with greater capacity to invest in future growth.
They also reinforce St. James’s Place’s position as the best place to build, grow and realise value from a successful financial advice business.
Looking forward, the company remains confident in the long-term outlook for financial advice, which is under-penetrated in the UK. As the industry evolves, clients will demand trusted advice, high-quality service, strong investment solutions and modern technology. St. James’s Place combines the personal relationships of a local adviser with the scale, expertise and security of the UK’s leading financial advice business. The company continues to invest in enhancing that proposition for both clients and advisers, and believes this increasingly differentiates St. James’s Place and positions it well to capture the growth opportunities ahead.”
Operating highlights
· Gross inflows of £10.5 billion (2025: £10.5 billion)
· Improvement in FUM retention to 95.4%1 (2025: 95.3%1)
· Net inflows of £2.7 billion (2025: £3.8 billion), representing an annualised 2.5% of opening funds under
· Record funds under management of £240.8 billion (31 December 2025: £220.0 billion)
Financial highlights and shareholder returns
· Adjusted IFRS profit before tax of £278.4 million2 (2025: £307.0 million)
· Adjusted IFRS profit after tax of £224.4 million2 (2025: £235.8 million)
· Further Ongoing Service Evidence (OSE) provision release of £110.4 million before tax (2025: £84.5 million)
· IFRS profit after tax of £310.8 million (2025: £279.5 million)
· Interim ordinary dividend of 6.00 pence per share (2025: 6.00 pence per share)
· Interim ordinary share buy-back of £45.3 million (2025: £32.1 million)
· Additional share buy-back of £82.8 million for the post-tax amount released from the OSE provision (2025: £63.4 million)
Other highlights
· Growth in adviser and client numbers which closed the period at 4,951 and 1,064,000 respectively (31 December 2025: 4,934 advisers and 1,037,000 clients)
· Investment returns, net of all charges, represented 16.4% of opening funds under management on an annualised basis (2025: 4.7%)
The details of the announcement are below.
1 Throughout this press release, our retention rate is calculated as the proportion of FUM retained over the period after allowing for the effect of full and partial withdrawals, but excluding the effect of regular income and maturity payments.
2 Adjusted International Financial Reporting Standards (IFRS) profit before tax and Adjusted IFRS profit after tax are alternative performance measures (APMs). The glossary of alternative performance measures defines these APMs and explains why they are useful.
