Net inflows into AJ Bell’s platform swelled by more than 62% year-on-year compared to the same period in 2022, results show.
In a trading statement covering the final quarter of 2023 published yesterday (18 January), the firm said its platform business recorded net inflows of £1.3bn, up from about £800m last year. This contributed to a significant rise in assets under administration - 15% over the last year and 7% in the quarter - to a record £76.2bn. The platform also saw an increase in customer numbers by 8,000 to 484,000 - up 12% over the year and 2% in the quarter, comprising 323,000 D2C customers - a 13% annual and 2% quarterly increase - and 161,000 advised customers, marking an 8% and 1% rise for the...
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