AJ Bell inflows reach £1.8bn Q3

clock • 2 min read

AJ Bell took in total net inflows of £1.8bn during the three months to 30 June, with its total assets under administration (AUA) increasing to £70.4bn, thanks in part to strong growth in customer numbers.

In the three-month period, the investment platform increased its total customer numbers to 368,033, a 6% increase during the quarter and 30% over the past year. Both advised and D2C platform customers also continued growing, with a total of 21,023 new customers added in three months. The total AUA marked an increase of 8% over the quarter, helped by a 9% rise in platform AUA, which closed at £63.1bn, and a 43% increase in AJ Bell Investments' assets under management (AUM) to £2bn during the quarter. D2C net inflows during the quarter increased by 25% compared to the same period las...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read
Schroders UK Platform Awards 2024: Full list of winners revealed!

Schroders UK Platform Awards 2024: Full list of winners revealed!

See who took home a trophy at last night’s ceremony in London

Professional Adviser
clock 25 September 2024 • 1 min read