AJ Bell platform assets drop amid adverse market conditions

FTSE loses 6% in three months to June

clock • 1 min read

Assets under administration at AJ Bell’s platform business ended the third quarter down 5% at £63.5bn, which the firm attributed to “adverse market movements”.

The FTSE All-Share index fell 6% in the three months to June, while the MSCI World index fell 9%. Platform business flows climbed to £1.6bn, down from £2.1bn this time last year. Customer numbers increased by 14,120, closing the quarter at 417,503, up 18% on last year and 4% on the previous quarter. Advised customers were up 16% for the year to June 2022, and 3% over the quarter, while direct-to-consumer customers were up 20% over the year and 4% over last quarter. AJ Bell's Andy Bell to step down in October Assets at AJ Bell Investments climbed 9% to £2.5bn in the three months,...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Companies

Monzo fined £21m by FCA for failings in financial crime controls

Monzo fined £21m by FCA for failings in financial crime controls

Around 34,000 high-risk clients onboarded

Linus Uhlig
clock 08 July 2025 • 2 min read
Citi becomes minority investor in HANetf

Citi becomes minority investor in HANetf

Growing interest in European ETFs

Patrick Brusnahan
clock 03 July 2025 • 2 min read
AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Trustpilot