AJ Bell platform hits £80.3bn AUA thanks to strong net inflows

The company added 27,000 new customers in the first half, bringing the total to 503,000. This growth was fuelled by net inflows of £2.9bn, compared to £2.0 billion in HY23, and favourable market movements contributing an additional £6.5bn. Customer retention remained at 94.5%, a slight dip from last year's 95.5%. Overall, AJ Bell's revenue was up 27% to £131.3m during the period, compared to 103.6m last year, and profit before tax was up 47% to £61.4m (HY23: £41.9m). "We remain focused on our long-term organic growth strategy that has enabled us to increase our market share year af...