Wealth manager St James’s Place has reported that funds under management have topped £200bn in assets for the first time, climbing 12% in the year to date to reach £212.39bn.

Wealth manager and Financial Planner Evelyn Partners has reported record AUM of £63bn for 2024 in its latest quarterly trading update published today.

Wealth manager St James’s Place has reported Funds Under Management soared last year to a record £190.2bn - up £22bn (2023: £168.2bn).

AJ Bell’s platform customer numbers increased by 66,000 over the past year to nearly 542,000, up almost 14%.