St. James's Place plc is a UK-based wealth management

Wealth management

Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...

 business. It is headquartered in Cirencester

Cirencester

Cirencester is a market town in east Gloucestershire, England, 93 miles west northwest of London. Cirencester lies on the River Churn, a tributary of the River Thames, and is the largest town in the Cotswold District. It is the home of the Royal Agricultural College, the oldest agricultural...

 and has 20 regional offices throughout the UK. It was listed on the London Stock Exchange

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 in 1997 and is now a FTSE 250 company.

History

The business was founded by Mike Wilson, Sir Mark Weinberg

Mark Weinberg

-Early life and education:Weinberg was born in South Africa and educated at King Edward VII School in Johannesburg. He received degrees in Commerce and Law and practised as a barrister...

 and Lord Rothschild

Jacob Rothschild, 4th Baron Rothschild

Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, Bt, OM, GBE, FBA is a British investment banker and a member of the prominent Rothschild family of bankers...

 in 1991 as J Rothschild Assurance Group. It subsequently changed its name to St.James's Place Capital plc. In 2000, HBOS

HBOS

HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...

 plc became a 60% shareholder of St. James’s Place Capital. With effect from 9 May 2006, St. James's Place Capital was renamed St. James's Place plc. Lloyds TSB, now Lloyds Banking Group

Lloyds Banking Group

Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

 plc, acquired HBOS Banking Group in 2009, and now owns a 60% shareholding in St. James's Place plc.

Services

St. James's Place offers the following services to its clients:

Investments: Offering access to selected external fund managers with a diversified portfolio and providing advice to clients based on a review of their individual circumstances to ensure investment strategies are aligned to their objectives whether it be to generate income or capital growth.

Retirement Planning: Creating financial strategies to help individuals to plan for their retirement.

Protecting Wealth: Providing insurance and advice to protect estates from Inheritance Tax

Inheritance tax

An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died...

(‘IHT’) or to protect business assets.

Business Planning: understanding and working with business owners to meet their financial aims.

Charitable foundation

The St. James's Place Foundation, founded in 1992, is the charitable arm of the St. James's Place Wealth Management Group. The Foundation aims to improve the quality of life for those people in need as a result of disability or disadvantage. In 18 years the Foundation has raised more than £18m and distributed the majority of those funds to more than 700 charities, with grants ranging from a few hundred pounds to in excess of £1m.

Awards

St James's Place has won a number of industry awards over the years including Wealth Manager of the Year 2008 and 2009 and Best Wealth Manager for Tax in 2011 by readers of the Investors Chronicle and Financial Times. Wealth Manager of the Year 2007, 2008 and 2010 by readers of the Daily Telegraph. Best Financial Adviser 2010/11 for MoneyPages Personal Finance Awards.