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...

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