Key facts
- St James's Place is changing its payment structure for ongoing advice fees.
- The company will transition from an annual payment cycle to a monthly one.
- This adjustment is intended to ensure partners are paid more appropriately.
- The move occurs amidst a rise in adviser departures from the firm.
St James's Place, Britain's largest wealth manager, is altering its payment schedule for ongoing advice fees, moving from an annual cycle to a monthly one. The firm stated this change is intended to ensure its partners are "paid appropriately." This strategic shift occurs as the company is reportedly experiencing an increase in adviser exits.