The wealth management firm, St James's Place, says its total funds under management increased 6 percent during 2011 to 28.5bn pounds.
Net inflows were £3.3bn, a rise of 10% over 2010, while its net asset value per share grew 9% to 385p.
The company's Chief Executive, David Bellamy, said: "New business so far in this quarter (Q1 2012) is running at the same level as the final quarter of 2011 whilst funds under management have grown to £28.5 billion at the end of January."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm targets 15% growth in new business and says its "confident" that can be achieved.
The final dividend has been increased to 4.8p, a rise of 21% on 2010, giving a full year figure of 8p, up 33% on the prior year.
Shares in St James's Place had gained 1.18% by 09:03. Over the last year the stock is ahead by 21%.
BS
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
