AJ Bell platform hits £80.3bn AUA as advised customers increase

In its quarterly results today (18 April), AJ Bell platform's AUA hit £80.3bn in the three months to 31 March 2024, up 17% over the last year and 5% since the end of 2023. The firm recorded total advised customers of 165,000, an increase of 8% in the last year and 2% in the quarter. AJ Bell said the record AUA was bolstered by a 33% increase in net inflows to £1.6bn, up from £1.2bn a year prior. It was also driven by positive market movements over the quarter, which added 3% alone to the AUA growth. AJ Bell Investments also posted a significant increase in AUM to £5.8bn – up 49% fr...