'Strong' start to 2025 for Gloucestershire's wealthiest firm
It's been leading our Top 100 Businesses in Gloucestershire series for years, the biggest county firms by turnover, and judging by its latest financials that position won't change any time soon.
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The biggest firm by turnover in Gloucestershire has reported a “strong” operating and financial performance for its first half of 2025.
Cotswold-based FTSE firm St James’s Place has taken on board £10.5 billion of funds to manage in that period, up from £8.5 billion in the same period in 2024.
Retention “remained high” too, according to the wealth management experts, at 95.3 per cent - up from 2024’s 94.6 per cent for the same period.
There has been, said the business, “continued growth in client numbers and advisor headcount”.
Mark FitzPatrick, chief executive officer at the Cirencester-headquartered firm, said: “I am pleased to report strong operating and financial performance in the first half of 2025.”
St James’s Place continues to make progress in delivering on a “new simple, comparable charging structure to be in place from 26 August 2025” and its “cost and efficiency programme”.
FitzPatrick said the firm was “confident in delivering against our plan to take around £100 million out of our addressable cost base by 2027”.
In December last year St James’s Place announced plans to cut 500 jobs, representing about one-sixth of its 3,200-strong workforce. Read that here.
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