AJ Bell's advised customers increase by 15%

Its annual results, released this morning (20 October) said it dual-channel model continued to deliver strong organic growth in both advised and D2C customers, with the former increasing by 18,451 to close at 145,371, up 15% in the year, and the latter up 16% to close at 280,281. However, assets under administration (AUA) at AJ Bell's platform business fell by 2% at £64.1bn which the firm attributed to "adverse market movements" of 11%. Gross and net inflows also took a hit, with gross inflows at £10.1bn from £10.9bn in the same period last year, while net inflows fell to £5.8bn from ...