AJ Bell platform customer numbers up despite 'uncertain market backdrop'

AUM almost £67bn

Jenna Brown
clock • 3 min read

AJ Bell’s platform assets under management reached £66.9bn in Q2, up 15% year on year but down 2% in the quarter, latest results show.

Advised customers totalled 137,201, up 16% in the last year and 4% in the quarter while D2C customers reached 266,182, up 25% in the last year and 6% in the quarter. Overall customer numbers increased by 20,109 in the quarter to close at 403,383, up 21% in the last year and 5% in the quarter. It said gross inflows for the period were £2.7bn compared to £2.8bn in 2021. Net inflows for the quarter were £1.6bn, compared to 2021's £1.8bn. The company's investment business saw assets under management close at £2.3bn, up 64% over the last year and up 10% in the quarter. Net inflows were ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

AJ Bell's platform AUA reaches £83.7bn as customer numbers rise

AJ Bell's platform AUA reaches £83.7bn as customer numbers rise

Number of platform customers and advised customers rise for AJ Bell

clock 18 July 2024 • 1 min read
Breaking the chain: Assessing and adding value as a distributor

Breaking the chain: Assessing and adding value as a distributor

Advisers support us in trying to improve customer outcomes

Mark Rendle
clock 17 July 2024 • 3 min read
Rosemount links with 7IM giving ARs access to investment platform

Rosemount links with 7IM giving ARs access to investment platform

Financial planning network in strategic partnership with 7IM

Jenna Brown
clock 15 July 2024 • 1 min read