AJ Bell annual profits up 13% to £55m

Its annual results, released this morning (2 December) said it was a record year for the business with total customers up by more than 87,000, net inflows of £6.4bn and assets under administration hitting £72.8bn. It added revenue was up 15% to £145.8m compared to £126.7m last year and profit before tax was up 13% to £55.1 million compared to £48.6m in 2020. Andy Bell, CEO said: "Our award-winning platform propositions attracted record levels of new customer numbers and inflows in the year, underpinning another strong set of financial results. Revenue was up 15%, profit before tax up ...