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St James's Place tightens focus

Apparently chastened by an activist intervention, the wealth manager hopes steadier growth will prove more profitable
February 25, 2021
  • Wealth manager to pay out shelved 2019 dividend
  • Renewed cost focus follows activist intervention

Long seen as a slickly-marketed business in a high-charging sector, St James’s Place (STJ) was given a wake-up call at the end of 2020 when activist investor PrimeStone accused the wealth manager of acting as a poor manager of its own cost base.

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