St. James's Place said its one million clients enjoyed healthy annualised investment returns in the first half of 2026.
Investment returns, net of all charges, represented 16.4% of opening funds under management on an annualised basis, helping lift assets under management to a record £241billion.
The FTSE 100 wealth manager said gross inflows were unchanged at £10.5billion during the six months to June 30, while net inflows totalled £2.7billion.
Funds under management rose from £220billion at the end of 2025 to £241billion, with adviser numbers increasing to 4,951 and its client base growing to 1.064 million.
Adjusted IFRS profit before tax fell to £278.4million from £307million a year earlier, although the board maintained its interim dividend at 6.0p per share and announced share buy-backs totalling £128million.
Chief executive Mark FitzPatrick said: "I am pleased to report a strong set of results for the first half of 2026. We have delivered good operating and financial performance, continued to grow our client and adviser base, and made further progress against our strategic priorities.
"During the period, our advisers supported clients through a complex and evolving environment. While markets have been supportive, consumers continued to navigate economic uncertainty, impending changes to the retirement savings landscape and evolving financial planning needs.
"Against this backdrop, we have seen continued demand for trusted financial advice, reflected in positive net inflows, improving funds under management (FUM) retention, and growth in our client base."
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