UK investment platform AJ Bell has seen its platform business’ assets under administration (AUM) rise to record levels as customer numbers and net inflows continued to tick up.
In a trading statement today (24 April) for the three months to 31 March, AJ Bell said the AUM of its platform business had reached an all-time high of £90.4bn, a 13% rise over the past year and a 1% increase in the quarter. This was driven partly by an 18% increase in gross inflows over the quarter and a 19% increase in net inflows during the same period, from £3.4bn to £4bn and £1.6bn to £1.9bn, respectively. In the first three months of the year, the AJ Bell platform also welcomed 32,000 new customers, taking its total to 593,000, a 6% rise over the quarter and an 18% jump year-o...
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