Have you heard of St James's Place

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coatescastle
coatescastle Posts: 2 Newbie
in Savings & investments
We are on the verge of investing £150,000 with a firm called St James's Place. Has anybody heard of them or had dealings with them. I felt fine with the company, but someone in our town said how much do we know about them, and apart from the FSA, we personally know nothing.

Any help would be appreciated.
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  • lestamunda
    lestamunda Posts: 305 Forumite
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    think they are not totally independent, so do not look at the whole financial market.

    more here - http://www.sjp.co.uk/index.asp

    so not total IFA - not great if investing 150k!
  • Debt_Free_Chick
    Debt_Free_Chick Posts: 13,276 Forumite
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    coatescastle wrote:
    We are on the verge of investing £150,000 with a firm called St James's Place. Has anybody heard of them or had dealings with them. I felt fine with the company, but someone in our town said how much do we know about them, and apart from the FSA, we personally know nothing.

    I find it really scary that you are on the verge of investing so much money with them.

    Suggest you give it to me instead :rolleyes:
    Warning ..... I'm a peri-menopausal axe-wielding maniac ;)
  • coatescastle
    coatescastle Posts: 2 Newbie
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    Has anyone heard of this firm? We are not far away from investing a large amount with them. Today someone questioned how much we knew about them, and apart from being in the FSA, we do not know that much. We went to a seminar and were impressed with them.

    Any help would be appreciated.
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
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    They're majority owned by Halifax Bank of Scotland (HBOS).
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • Mikeyorks
    Mikeyorks Posts: 10,369 Forumite
    First Anniversary Combo Breaker
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    This might help :-

    http://www.northcote.co.uk/default.asp?SDL=NI02644

    .... but bear in mind they invite you to seminars in order to impress you!

    They're sound as far as I am aware ... but I do tend to turn down the frequent invites, owing to lack of time. Must take up the next one and see if I'm as impressed as you obviously are.
    If you want to test the depth of the water .........don't use both feet !
  • Mikeyorks
    Mikeyorks Posts: 10,369 Forumite
    First Anniversary Combo Breaker
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    Mr_Mumble wrote:
    They're majority owned by Halifax Bank of Scotland (HBOS).

    St James Place Bank is ..... but does that equally apply to other components of the Group?
    If you want to test the depth of the water .........don't use both feet !
  • Mikeyorks
    Mikeyorks Posts: 10,369 Forumite
    First Anniversary Combo Breaker
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    coatescastle wrote:
    Any help would be appreciated.

    Have copied this across from the virtually identical thread you started just 1 minute later than this one! Why do that ????:confused:
    This might help :-

    http://www.northcote.co.uk/default.asp?SDL=NI02644

    .... but bear in mind they invite you to seminars in order to impress you!

    They're sound as far as I am aware ... but I do tend to turn down the frequent invites, owing to lack of time. Must take up the next one and see if I'm as impressed as you obviously are
    If you want to test the depth of the water .........don't use both feet !
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
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    St James Place is one of only two providers that refuses to participate in the FSA's site showing charges on financial products.

    https://www.fsa.gov.uk/tables

    I'm sure you can figure out why that is.
    Trying to keep it simple...;)
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
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    Mikeyorks wrote:
    St James Place Bank is ..... but does that equally apply to other components of the Group?
    Oh, make me do some research, huh! :D

    HBOS group of companies includes St. James's Place Capital plc and St. James's Place Bank.

    Unless they've changed ownership very recently they're 60% owned by HBOS and 40% publicly listed, and as mentioned are a FTSE-250 company.

    A history of St. James's Place Capital, plc

    Anyway, point being they're a large well established company that are highly unlikely to do a runner with anyones money. Though the IFAs won't be happy with anyone investing with them, of course :p
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • melbury
    melbury Posts: 13,251 Forumite
    Name Dropper First Anniversary First Post I've been Money Tipped!
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    I've heard of St. James Place - my boss banks with them.
    Stopped smoking 27/12/2007, but could start again at any time :eek:

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