AJ Bell reports strong financial year driven by platform business

In its year-end trading update, the investment platform revealed its platform customer numbers increased 29% during the year to 281,094, with particularly strong growth in D2C customer numbers of 43%. Platform underlying net inflows were up 28% compared to the previous year, with D2C leading the way again with a rise of 50% to £2.1bn. Platform assets under administration (AUA) increased 11% on the previous year to sit at £49.7bn at the end of September 2020. Total customer numbers as a whole were up 27%, while total AUA rose 8% to £56.5bn, AJ Bell reported. Andy Bell, chief exec...