AJ Bell platform customer numbers up despite 'uncertain market backdrop'

AUM almost £67bn

Jenna Brown
clock • 3 min read

AJ Bell’s platform assets under management reached £66.9bn in Q2, up 15% year on year but down 2% in the quarter, latest results show.

Advised customers totalled 137,201, up 16% in the last year and 4% in the quarter while D2C customers reached 266,182, up 25% in the last year and 6% in the quarter. Overall customer numbers increased by 20,109 in the quarter to close at 403,383, up 21% in the last year and 5% in the quarter. It said gross inflows for the period were £2.7bn compared to £2.8bn in 2021. Net inflows for the quarter were £1.6bn, compared to 2021's £1.8bn. The company's investment business saw assets under management close at £2.3bn, up 64% over the last year and up 10% in the quarter. Net inflows were ...

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

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
Fidelity and Abrdn among firms joining new investment platform trade body

Fidelity and Abrdn among firms joining new investment platform trade body

Platforms Association launches amid growing regulatory scrutiny

Valeria Martinez
clock 23 September 2024 • 2 min read
Half of advisers say platform cash interest rates help to bag new clients

Half of advisers say platform cash interest rates help to bag new clients

Consumer Duty has led platforms to improve fee communication

Jenna Brown
clock 12 September 2024 • 1 min read