AJ Bell profits up 40% as assets reach £17.5bn

Revenue was also up to £51.8m, an increase of 25%. The platform and self-invested personal pension (SIPP) provider said the number of retail customers serviced rose 17% to 70,616. Andy Bell, chief executive said: "This has been another year of progress and challenge. We continue to face a barrage of regulatory led change and I am absolutely delighted with the way our staff have turned these challenges into opportunities to further enhance and develop our various product propositions." He added investment platforms with a low cost charging structure can be profitable, as long as they h...