A UK wealth manager is under fire for its lavish employee perks and culture of maximizing client fees despite underperforming its rivals. St. James's Place rewarded top performers with Mulberry Bags, Montblanc pens, diamond cufflinks, overseas trips that were "extravagant beyond words," and invites to conferences that were "something out of The Wolf of Wall Street," one of the firm's former financial advisers said in an article for The Sunday Times.