British wealth management group St James's Place said 37 percent rise in new single investments boosted funds under management to an all time high of 27 billion pounds ($43 billion).

For the 12 months ended Dec. 31, 2010, the group reported total single investments of 4.75 billion pounds from 3.46 billion pounds in 2009.

"New investments ..... coupled with the excellent retention of existing client funds and further growth in stock markets, have resulted in funds under management reaching an all time high of 27 billion pounds," said chief executive David Bellamy.

The group said its focused approach of recruiting only the highest quality advisers into the Partnership will provide a good platform to deliver 15 percent to 20 percent per annum new business growth over the medium.

For the year, Partnership numbers rose 6 percent to 1,552, the company said.

Shares of the company ended Wednesday's trading at 279 pence on the London Stock Exchange.