AJ Bell’s platform assets under administration (AUM) have reached £103.3bn, up 19% in the year, according to its latest figures.
In a trading update in respect of its financial year ended 30 September, released this morning (23 October), the platform said underlying gross inflows for the year were £15.8bn, up 21% versus the prior year (FY24: £13.bn). It added that underlying net inflows in the year were £7.1bn, up 16% versus the prior year (FY24: £6.1bn.) Customer numbers increased by 102,000 to finish at 644,000, up 19% in the year, as AJ Bell said its "dual-channel platform continued to deliver excellent growth in customers". Total advised customers increased by 11,000 to close at 182,000, up 6% in the yea...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
