AJ Bell’s platform assets under administration (AUA) increased by 22% in the 12 months to 30 September hitting £86.5bn.
Its trading update for its financial year ended 30 September, released today (17 October), said gross and net inflows across the platform were "significantly higher" than last year driven by improved retail investor confidence and investment into the platform. Gross inflows during the 12-month period were £13.1bn, up 41% on 2023's £9.3bn. Net inflows were £6.1bn in 2024 up 45% year-on-year. In 2023 they were £4.2bn. The updated added there had been favourable market movements of £9.5bn, equating to 13% of opening AUA. Total advised customers increased by 12,000 to close at 171,000...
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