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UK wealth manager St James's Place posts record funds under management

Jan 28 (Reuters) - St. James’s Place reported 129.34 billion pounds ($176.60 billion) in funds under management, the latest British wealth manager to post record funds boosted by a recovery in markets led by government support and positive news on COVID-19 vaccines.

However, the blue-chip company said on Thursday that it would slow the pace of recruiting new advisers due to a challenging external environment for many financial advice businesses across the UK, which has again tightened coronavirus-related curbs. ($1 = 0.7324 pounds) (Reporting by Muvija M in Bengaluru; Editing by Amy Caren Daniel)

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