London, Feb 13, 2026, 09:39 GMT — Regular session
- St James’s Place shares picked up roughly 1.1% shortly after the open in London.
- The stock is attempting to find its footing following Wednesday’s steep AI-driven selloff.
- Investors have their eyes on Feb. 25, waiting for management’s take in the results.
St James’s Place clawed back some ground on Friday, shares ticking up 1.1% to 1,269 pence as of 09:38 GMT, after taking a hit earlier in the week. The day’s range sat between 1,259 pence and 1,277.5 pence. (Investing)
The rebound follows a sharp slide for the UK wealth manager, which took a hit as worries mounted that fresh artificial intelligence tech might eat into fee-generating segments of its advice chain. That sudden rout didn’t just hit one name—others in the listed wealth space got dragged down, pushing portfolio managers to quickly weigh if this was a genuine reset or just a blip.
St James’s Place draws the bulk of its earnings from fees tied to assets under management. The revenue stream feels predictable—right up until investors get jittery over pressure on fees or changes in the way advice is provided.
St James’s Place plunged 13.4% Wednesday, posting the sharpest loss on London’s blue-chip index—even as the benchmark notched a record close. Shares of other UK wealth and brokerage firms also lost ground: Aberdeen, Quilter, IG Group and AJ Bell all finished lower. (Reuters)
The anxiety spread beyond the UK. According to Reuters, shares of European asset managers including Amundi, DWS, and Schroders lost ground as investors wrestled with the potential impact of AI on distribution and margins. (Reuters)
St James’s Place ended Wednesday down at £12.55, according to MarketWatch data, after heavier-than-usual trading. Shares now lag far behind the 52-week peak hit earlier this month. (MarketWatch)
Altruist has rolled out a new AI-powered tax-planning tool, sparking a sharp response in the sector. Jason Wenk, the platform’s founder and CEO, described traditional tax planning as “slow and mentally draining,” adding this technology “flips that dynamic.” Over at Wealth Club, Susannah Streeter cautioned that fee disruption worries may just be “the tip of the iceberg.” Derren Nathan from Hargreaves Lansdown called the reaction “more knee-jerk than fact-based,” though he noted volatility might stick around. (Voxmarkets)
Even so, the risks aren’t hard to see. Should AI end up streamlining advisory and back-office work, established players may be looking at thinner margins—either from slashed fees, heavier investment in technology, or a mix. None of these pressures gets captured cleanly in just one quarter’s results.
St James’s Place has its final results out Feb. 25, the next major update investors will get. They’ll want specifics on client activity—and some indication from management on whether all the recent AI talk is just background buzz, an actual risk, or maybe even signals a new round of investment. (St. James’s Place)
