How it started
History
The business has its origins in an entity founded by Mark Weinberg and Mike Wilson in 1991. It secured the financial backing of Jacob Rothschild and became known as J. Rothschild Assurance.
In 1997 J. Rothschild Assurance merged with – and took on the name of – a much smaller entity, St. James's Place Capital.
The business was restructured and transferred to a new legal entity in 2000, when Halifax plc (formerly the Halifax Building Society) took a 60 per cent shareholding for £760 million.
In 2001 Halifax merged with the Bank of Scotland to form HBOS, which in 2009 was bought by the Lloyds Banking Group, which thus acquired a majority holding in St. James's Place Capital. In March 2013 Lloyds sold 20% of its holding to institutional investors, and in December that year sold its remaining holding by private placement for £670m.
In 2014 the company bought Henley Group, a financial adviser with offices in Hong Kong, Singapore and Shanghai, and renamed it St. James's Place Asia. It bought Rowan Dartington, a discretionary fund manager, for £34.2m in 2015, and Technical Connection, a financial consultancy, in 2016.
From Wikipedia’s article on St. James's Place Wealth Management Group, shared under CC BY-SA 4.0.2