AJ Bell pre-tax profits dip as dealing returns to normal

Retail customers reached 418,309

clock • 3 min read
AJ Bell's pre-tax profits dip in HY22 as dealing returns to normal

AJ Bell's pre-tax profits dip in HY22 as dealing returns to normal

AJ Bell’s pre-tax profits decreased to £26.1m in the six-month period ended 31 March 2022, compared to £31.6m in HY21, according to its interim results.

The decrease in pre-tax profits was due to the lower revenue margin earned on assets coupled with increased investment in its brand, technology and propositions to support its long-term growth strategy, it said. It reported net inflows of £2.8bn and assets under administration (AUA) closing at £74.1bn, achieved against "a very different market backdrop to that seen in the prior year with adverse market movements of £1.5bn since the year-end". Revenue margin on AUA was lower than the comparative period as a result of the "normalisation of dealing activity and lower interest rates earne...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week