The wealth manager’s net inflows fell almost 30% to £2.7bn, down from £3.8bn in the first half of 2025.

Gross inflows were unchanged at £10.5bn.

SJP reported that adjusted profit after tax also fell to £224.4m from £235.8m.

Funds under management hit a record £240.8bn, up from £220bn at the end of December, while adviser numbers increased to 4,951 from 4,934 at the end of 2025, and client numbers rose to 1.064m from 1.037m.

Mark FitzPatrick, chief executive officer at SJP, said: “During the period, our advisers supported clients through a complex and evolving environment.

“While markets have been supportive, consumers continued to navigate economic uncertainty, impending changes to the retirement savings landscape and evolving financial planning needs.

“Looking forward, we remain confident in the long-term outlook for financial advice, which is underpenetrated in the UK.”