AJ Bell platform net inflows for its financial year ended 30 September 2023 were £4.2bn, down from £5.8bn last year, according to its latest trading update.
The platform and investment business said it was against a "challenging market backdrop". Gross inflows in the year were £9.3bn compared to 2022's £10.1bn. However, it said it now had record assets under management of £70.9bn, up 11% in the year driven by the net inflows across the platform and favourable market movements of 4%. It said customer numbers increased by 50,880 to close at 476,532, up 12% in the year, as AJ Bell's dual-channel platform continued to deliver "strong organic growth in both advised and D2C customers". Total advised customers increased by 13,885 to close ...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
