AJ Bell sees £4.2bn net platform inflows against 'challenging' backdrop

Record AUM of £70.9bn

Jenna Brown
clock • 2 min read

AJ Bell platform net inflows for its financial year ended 30 September 2023 were £4.2bn, down from £5.8bn last year, according to its latest trading update.

The platform and investment business said it was against a "challenging market backdrop". AJ Bell: FTSE 100 dividend growth predictions continue to slide Gross inflows for the year were £9.3bn compared to 2022's £10.1bn. However, it said it now had record assets under management of £70.9bn, up 11% for the year, driven by the net inflows across the platform and favourable market movements of 4%. It added customer numbers increased by 50,880 to close at 476,532, up 12% for the year, as AJ Bell's dual-channel platform continued to deliver "strong organic growth in both advised ...

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

Asset managers see January optimism replaced by July nerves as outlooks shift gear

Asset managers see January optimism replaced by July nerves as outlooks shift gear

Many optimistic at the start of 2025

Patrick Brusnahan
clock 15 July 2025 • 3 min read
Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Board tug of war followed a strategic review

Patrick Brusnahan
clock 15 July 2025 • 2 min read
Ninety One's shares jump after positive Q1 AUM update

Ninety One's shares jump after positive Q1 AUM update

AUM up by £11.1bn in past 12 months

Sorin Dojan
clock 15 July 2025 • 1 min read
Trustpilot