AJ Bell platform AUA down 3% amid 'challenging backdrop'

Trading update for three months ended 31 December 2022

Jenna Brown
clock • 1 min read

AJ Bell’s platform assets under administration (AUA) closed at £66.3bn, 3% down over the last year but up 3% in the last quarter of 2022, according to its latest trading update.

The update, which covers the three months ended 31 December 2022, said the platform had seen £1.9bn in gross inflows during the quarter - this compared to £2.7bn in 2021. Net inflows were £0.8bn compared to 2021's £2.7bn. It said inflows came amid a "continued challenging backdrop". Elsewhere, the platform said client numbers had increased by 8,713 in the quarter to close at 434,365 - up 13% in the last year and 2% in the quarter. The investment business reported assets under management increased to £3.4bn - up 62% over the last year and up 21% in the quarter. Chief executive Micha...

To continue reading this article...

Join Professional Adviser

  • 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

Q4 rounds off 'tough year' for platform as inflows disappoint

Q4 rounds off 'tough year' for platform as inflows disappoint

Worst quarter since Lang Cat’s records started in 2016

Jenna Brown
clock 01 February 2023 • 2 min read
Moneyfarm launches 'platform as a service' for M&G

Moneyfarm launches 'platform as a service' for M&G

&me platform for 'next generation of clients'

Jenna Brown
clock 31 January 2023 • 2 min read
Advisory platform evolution: Going in-house for greater control

Advisory platform evolution: Going in-house for greater control

The promise of tech has not been fulfilled in retail investment

Tim Sargisson
clock 25 January 2023 • 3 min read