Type Public Industry Finance CEO David Bellamy Revenue 3.09 billion GBP (2015) | Traded as LSE: STJ Products Wealth Management Chairperson Sarah Bates | |
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Founded 1991; 26 years ago (1991) Key people Sir Mark Weinberg, Life President
Mike Wilson, Life President
David Bellamy, CEO
Andrew Croft, Chief Financial Officer
David Lamb, Managing Director
Ian Gascoigne, Managing Director Stock price STJ (LON) 1,059.63 GBX -2.37 (-0.22%)31 Mar, 5:10 PM GMT+1 - Disclaimer Headquarters Cirencester, United Kingdom | ||
St. James's Place plc (branded as St. James's Place Wealth Management) is a UK-based wealth management business. It is headquartered in Cirencester and has 20 regional offices throughout the UK among recently acquired offices in China and Hong Kong. It was listed on the London Stock Exchange in 1997 and is a constituent of the FTSE 100 Index.
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History
The business was founded by Mike Wilson CBE, Sir Mark Weinberg and Lord Rothschild in 1991 as J Rothschild Assurance Group, later changed to St. James's Place plc. In 1992, the Directors of J Rothschild Assurance Group established a Charitable Foundation. In 2000, HBOS plc took a 60 percent shareholding in the business, a stake which passed to Lloyds Banking Group, on its acquisition of HBOS in 2009. In March 2013, Lloyds sold 20% of its shareholding in St. James's Place to a broad base of institutional investors and sold the remaining holdings in December 2013. In March 2014, St. James's Place joined the FTSE 100 Index.
Charitable foundation
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.
Awards
Awards include Wealth Management of the Year 2008 and 2009 and Best Wealth Manager for Tax in 2011 by readers of the Investors Chronicle and Financial Times, Wealth Manager of the Year 2007, 2008 and 2010 by readers of the Daily Telegraph, Best Financial Adviser 2010/11 for Money Pages Personal Finance Awards and Wealth Management Company of the Year - City of London Award in 2012.
Independence
St James's Place largely sell their own products. They offer advice on a 'limited' selection of the market. They have responded to questions about their independence but have also been subject to Ombudsman and press scrutiny