AJ Bell’s platform assets under administration hit £55.2bn in the last three months of 20202, an increase of 17% over the same period last year and up 11% in the quarter, latest results show.
In a trading update for Q4 last year, the provider said customer numbers had grown by 16,959 in the quarter, an increase of 88% compared to the first quarter of the prior year when they were 9,033. Total platform customers were 298,053, up 31% over the last year and 6% in the quarter. It added platform net inflows - organic growth for the period - increased by 67% over the previous year to £1.5bn, it was £0.9bn in 2019. Advised net inflows were £0.8bn, up 33% on 2019. Platform AUA closed at £55.2bn, up 17% over the last year and 11% in the quarter. Reporting for the first time, ...
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