AJ Bell has recorded an increase in the number of advised customers, helping drive its platform assets under administration (AUA) to £83.7bn, 20% higher than a year ago.
In a trading update published today (18 July), the investment platform said the previous quarter saw a 2% rise in the number of advised customers, with the 168,000 figure representing a 7% climb in the last year. In the three months ended 30 June 2024, AJ Bell also saw customer numbers rise by 5% to 528,000. It also recorded a significant rise in gross and net inflows. Gross inflows hit £3.7bn, a jump from £2.4bn in 2023, while net inflows also surpassed the previous year's levels, increasing from £1.1bn to £1.7bn. This marks the first time the company's AUM has exceeded £6bn, re...
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