St James’s Place has seen record funds under management of £212.4bn.
In its Q3 trading update, the advice network revealed as of September 30 it had exceeded its £200bn milestone, with funds under management up 12 per cent.
Elsewhere, the firm recorded gross inflows of £5.7bn amid transitioning to its simple, comparable charging structure.
It also saw net inflows up 98 per cent to £1.8bn from £0.89bn last year.
SJP completed its transition to the new charging model in late August, which chief executive, Mark FitzPatrick, said allowed the firm to innovate its investment proposition.
“The macroeconomic environment presents a more uncertain picture for UK consumers amid soft economic growth, stubborn inflation and heightened speculation around the forthcoming Autumn Budget.
“Against this background, our advisers remain focused on supporting and guiding clients so that they continue making the right long-term decisions to secure their financial futures,” he added.
FitzPatrick noted the firm had seen “unseasonally” high levels of client engagement and activity in Q3, therefore flows in the final quarter may be “less strong” in comparison.
alina.khan@ft.com