AJ Bell platform assets drop amid adverse market conditions

FTSE loses 6% in three months to June

clock • 1 min read

Assets under administration at AJ Bell’s platform business ended the third quarter down 5% at £63.5bn, which the firm attributed to “adverse market movements.”

The FTSE All-Share index fell 6% in the three months to June, while the MSCI World index fell 9%. Platform business flows climbed to £1.6bn, down from £2.1bn this time last year. Customer numbers increased by 14,120, closing the quarter at 417,503, up 18% on last year and 4% on the previous quarter. Advised customers were up 16% for the year to June 2022, and 3% over the quarter, while D2C customers were up 20% over the year and 4% over last quarter. AJ Bell's Andy Bell to step down in October Assets at AJ Bell Investments climbed 9% to £2.5bn in the three months, marking a 25% ...

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

Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read
Platform innovation: Terry Huddart on Abrdn's Cash Solution

Platform innovation: Terry Huddart on Abrdn's Cash Solution

'I see this as another positive market development'

Terry Huddart
clock 27 February 2025 • 5 min read