AJ Bell Investments assets jump 70% to £3.9bn in last year

Record £500m quarterly inflows

The investment arm of AJ Bell has seen its assets under management jump 70% over the last year to £3.9bn, fueled by record net inflows in the last quarter.

In the three months to the end of March, AJ Bell Investments registered a record quarterly inflow of £500m, more than double the level achieved during the comparative period last year. AUM rose by 15% over the quarter. "Momentum remained strong heading into the new tax year with AUM passing £4bn in early April," said CEO Michael Summersgill. abrdn eyes split of private equity arm to attract bids - reports Across the wider platform business, assets under administration closed at £68.6bn, up 3% over the last year and 3% in the quarter. Favourable market movements contributed 2% to AU...