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
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
